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Determining the Market Value of a Home

By
Real Estate Agent with HomeSmart

You've decided to sell your home, so what is next? Pricing your home is obviously a key part of the home selling process. A home that is under-priced needlessly costs the client potential return. An over-priced home can remain on the market for an extended amount of time, forcing the seller to either wait out a long listing period or have to adjust down the asking price. Getting the pricing right from the start avoids these potential pitfalls.

To get us started I will prepare a Comparative Market Analysis (CMA) of your home. This compares your house to others in the area that are either currently listed, under contract, or have recently sold. Other things that can factor into the CMA are supply and demand, craftsmanship, and the amenities of your home.

The CMA will help us to determine the fair market value. What is "fair market value", you may ask? In short, fair market value is the highest price that an informed buyer will pay for your home. Establishing fair market value will enable us to sit down and discuss in detail the pricing of your home. I want to help you settle on a price that you feel is competitive and consistent with the current market.

For more information, feel free to explore my website; it has a lot of information to cover your real estate needs. I'm here to serve as a resource for you during this exciting time.

Brian Ortiz

RE/MAX Vision II

Chicago, IL

773-398-5121

http://www.brianortizproperties.com/