Establish Home Value
A Comprehensive Approach
Before a home can be successfully sold, an accurate and appropriate value must first be established. It is important for homeowners to consider many factors when deciding on a list price, and working with a sales agent who has ample experience in this process is imperative.
StreetCity REALTORS® believe in a comprehensive review of market conditions and produce a Comparative Market Analysis for their clients that ensure your home’s true value is reflected in a credible price.
Your streetcity agent's
customized cma will tell you:
customized cma will tell you:
What comparable homes in your area sold for and how long it took to sell.
What the actual sale price was compared to what their list price was.
What properties in your area are currently for sale and which homes have sold in the past 6 months.
Which properties have expired listings because they did not sell and what their listing prices were.
Pin pointing a price:
What to think about
What to think about
Accurately priced homes sell for higher prices and are on the market for less time than ones listed incorrectly.
Buyers are more motivated to make a full-price offer on a home that is listed appropriately at fair market value and more inclined to present a low offer on a home deemed priced above market value.
At the end of the day, it is worth remembering that your property is ultimately worth only as much as a buyer is willing to pay.
Beware of the temptation to overprice your home, as it will put you in an unenviable position with fewer showings, lower offers, and a home that lingers on the market longer.