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Looking Homes That Have Sold in Your Area Can Help To Sell Your House
Looking at Homes That Have Sold in Your Area Can Help To Sell Your House. Here's a great post from Joseph Zingales out of Naples, Florida (and Cleveland, Ohio!)...
Before you list your home, you must figure out your asking price. Real estate markets go up and down frequently, and many local factors and characteristics specific to individual properties can affect prices. A comparative market analysis can help you set a reasonable list price so your home will be more likely to attract a buyer.
Why Is Setting the Right List Price So Important?
Overpricing your house could cause it to linger on the market for months with little or no interest from potential buyers. You could lower your asking price later, but by then, buyers may have already shifted their focus to other properties.
If you list your house for a price that reflects its fair market value, you will have a good chance of attracting a buyer. You may even receive multiple offers and sell your home for more than the asking price.
What Is a Comparative Market Analysis?
A comparative market analysis can examine houses in your area that are similar to yours in terms of size, location, age, number ... more
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