Market Analysis are as good as the Realtor doing it!
Why would I say such a thing? Market Analysis are done with a combination of considerations and if your realtor is inexperienced with those combinations, his sales price number to List your home could look too good to be true and usually are! It's nice to have a Realtor say your home is worth a million, but does anyone else think so?
When doing a Market Analysis your Realtor should be considering and comparing things like homes that have sold in the last 6 months or better yet, the last 3 months, number of beds, bath, area, square footage within 200 square feet-(plus or minus is best)---This is used by Home Appraisers, finished and none finished basements, whether they are walkout basements or not, type of improvements--Kitchen, baths and over all appeal. A Market Analysisshould always be done, if at all possible, from HOMES IN THE SAME NEIGHBORHOOD, same number of garage spaces, within 5 years of your homes build date, upgraded siding like stucco, wood, Vinyl, the style of your home--ie Ranch, Raised Rancher, two story etc. (Typically Ranch homes sell for a bit more than other homes, but not all the time), proximity to the road way or obstructions--., busy street, air port, power lines, commercial buildings etc. YOUR HOMES VIEW OF PIKES PEAK--IN THIS MARKET- will not necessary be a factor in sales price or value--but more of a factor of appeal to a buyer. Only an appraiser can give any value to a homes view, only if they have another comparible home that had the identical type of view with an established price for that view. GOOD LUCK WITH THAT ONE!!!
So remember one thing, if nothing else! The realtor that is telling you everything you want to hear and has a perfect sales price to List your home at, may not have the correct market price afterall. Do not have the tendency to list your home with a realtor, just because they say they can sell your home for a high price. There is as much of an Art as there is Science, however imperfect, but not blind, manner in which to sell a home. What approach are you willing to take?
If you need a FREE Market Analysis done on your home, please don't hesitate to call me.
Respectfully,
Mike Ockert
Real Estate Consultant
719.209.0190
Comments (0)Subscribe to CommentsComment