Market Value

     Market value is defined as the most probable price a property should sell for in an open and competitive market.
      As your Real Estate agent I can give you up-to-date information on what is happening in the marketplace. Click here for your "no obligation" MARKET ANALYSIS.

MARKET ANALYSIS
     The correct selling price of a home is the highest price the market will bear. To assist you in determining the correct asking price, I will provide you with a comprehensive market analysis of comparable properties that have been recently offered for sale in your area. This property analysis is divided into four categories:
    1. Similar properties that have recently sold
    2. Similar properties that have sales pending
    3. Similar properties that are currently listed.
    4. Similar properties that failed to sell.

     By carefully studying the comparable property locations, features and the terms under which they are offered, I can develop a clear picture of the potential market for your property. By looking at the properties that are currently listed, I can see exactly what alternatives a serious buyer has to choose from. By looking at similar properties recently sold, I can see what homeowners have actually received over the last few months, and what Buyers were willing to pay. Lending institutions will use this same information to determine how much they will be willing to lend a buyer for your home.
     While we naturally want top market value for the home, there is a point where the price is too high. By looking at homes that didn't sell, we can accurately determine that price point and be careful not to exceed that point.
     My Market Analysis will detail this information for you in an easy to understand format. I will go over this information with you and suggest the best price for your property.
     The next step will be marketing your home. Click here for information on the services that ERA provides for its clients.