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I'm Sorry Mr. & Mrs. Seller, Your Home is Only Worth.....
We are seeing a lot of posts around this very subject lately. Seems like a lot of folks are not looking carefully at the data to support their pricing desires. The market is what it is when you decide to sell. If you want a higher price, then improve condition to the point the house will command it.
~ I'm Sorry Mr. & Mrs. Seller, Your Home is Only Worth... ~
This post was inspired by a newer agent in my office.
First of all Mr. & Mrs. Seller, a market analysis is not an appraisal. It is a picture of the current market conditions based on sold properties in a designated area. Sold properties are used in an analysis because homes do not necessarily sell for their list price. The value of a home is what it actually sells for, notfor what it lists. I will do a CMA (comparable market analysis), before listing your home to find the proper pricing for it. (We don't just make up a number off the top of our heads, at least I don't.) And a home is not worth what you, Mr. & Mrs. Seller, need to pay off your bills.
My search criteria for a CMA, preferably, is in the same ... more
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