If you are thinking about putting your home on the market now is a great time to do so in upstate New York. Real Estate in and around Auburn NY including the finger lakes, Skaneatelas, Union Springs, Weedsport and Elbridge is starting to pick up. Spring is the best time to put you home on the market.
Your first step in the home selling process is to choose a Real Estate Agent. You need to interview 3 Real Estate Agents and be sure that each of them provide you with a comparative market analysis. A comparative market analysis compares your home to other properties similar to yours that have sold recently. The comp houses should be located within a five mile radius of your house and should have sold within the last year. In more rural areas you may have to widen your search and extend the time frame in order to find comparable properties.
The Real Estate Agent will then make adjustments in order to make the houses equal such as adjusting the price for square footage differentials, number of bathrooms and so on.
Here is a link to a sample comparative market analysis http://amy.syr.mlxchange.com/Pub/ShowCMAFrameSet.asp?cmaid=49625&typeid=1&binder=5&title=Seller%20CMA%20for%20Lori%20Nervina
An agent should never give you a house value without doing a complete market analysis. In addition to providing you with a recommended listing price through the use of the market analysis the agent should also prepare and go over their marketing plan with you. My next post will feature a sample real estate marketing plan.
Please contact me anytime at 315-515-8348 if you have questions on how to sell your home in this down market!
Comments(0)