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Pricing Your Home
Pricing Your HomeSo you are ready to consider selling your home or you have to put it on the market?  Maybe you have an idea about what your house is worth or you know what you want for it.  Either way, what you are able to sell your home for is what the market will bear.When I met with sellers, I always tell them in order to sell your home you need to price it according to the market.  Granted we all might think our home is worth $1 million, but what is a buyer willing to pay. Realtors(R) use a Competitive Market Analysis (CMA) to determine a price for your home.  This is not an appraisal that is completed by a licensed appraiser!  A CMA is completed by agent pulling comparables (comps) for sold homes with similar features to yours.  Normally, the Realtor will go back 6 months to a year depending on how many sales have occurred during the time frame.  The Realtor, then compares your property to the comps.  They look at things like $ per square foot, location, condition and any upgrades to the properties.  From this, the Realtor develops a price for your property.  Many Realtors ... more

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