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pricing: How did you come up with that price...anyway? - 08/02/07 11:45 AM
 When preparing a Comparative Market Analysis, CMA, recently I was trying to determine a good listing price. It's not an easy job!
I had to put more weight on the "on markets" than the "sold" comps.
Traditionally real estate agents are taught to put more weight on the "solds" when trying to establish a property value. 
After all, the "solds" tell us an important story. They tell us what a property actually sold for!
Not the pie in sky hopes that the listed price usually indicates but what a buyer actually paid. Very important data for sure. And in the old days … (51 comments)

 
Mo Rainmaker_large

Monika McGillicuddy Southern NH & the Seacoast Area

Hampstead, NH

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Prudential Verani Realty/Hampstead

Address: 314 Lafayette Rd, Hampton, NH, 03842

Office Phone: (603) 327-0247

Cell Phone: (603) 944-9172

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This blog is all about real world real estate from market conditions to community information. It offers a personal perspective and an insider look at real estate, real estate agents and the services they offer. I not only list and sell for a living but I also train other agents on all aspects of real estate sales. View Monika McGillicuddy's profile on LinkedIn


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