Once
you’ve transformed your home into a more anonymous house with
substantial appeal as a potential buyer’s new home, it is
almost time to list it. Your final step in ensuring a successful
sale is making an informed decision about how much you should ask
for it. One of the most effective ways to make this all important
decision is to obtain
a Comparative Market Analysis (CMA) from a local real estate agent
, or several of them if you are selling your house independently.
A CMA will give you an estimated
sale price based on current market conditions in your area, and
is frequently sought out by buyers in addition to sellers. Your
real estate agent will likely offer one free of charge. It does
not serve as an appraisal, or a substitute for one: rather, it provides
information on a probable asking price based on your specific locale
and the condition of your property.
After walking through your property,
the preparer analyzes the Multiple Listing Service for information
on other listings in your area similar to your own. Both active
and expired listings are examined, in addition to pending sales
and recent sales in your property’s vicinity. Close attention
is given to pending and sold listings in determining your asking
price, as these indicate competition in the market, as well as successful
price estimates.
If you have decided to save commissions and sell
the house on your own, it would be polite to pay a specialist as
you have no intention on doing business with your local Real Estate
Company.
Preparations Make the Difference CLICK on a Topic to Learn More Additional resources will appear on related pages
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Home Buying
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