Setting a competitive price for a property is essential for attracting buyers and achieving a successful sale. It involves determining a price that reflects the property’s value while considering market conditions, competition, and the seller’s goals. 1. Conduct a Comparative Market Analysis (CMA): Use a CMA to analyze recently sold, pending, and…
Conducting a Comparative Market Analysis (CMA)
A Comparative Market Analysis (CMA) is a process used to determine the market value of a property by comparing it to similar properties (known as “comps”) that have recently sold, are currently on the market, or were previously listed. The CMA helps sellers price their property competitively and buyers assess the…
Here’s how homeowners can determine the best price
Pricing a home correctly is one of the most critical steps for a successful sale, especially when selling By Owner. 1. Research Comparable Sales (Comps) 2. Evaluate Market Conditions 3. Leverage Online Valuation Tools 4. Consider a Professional Appraisal 5. Factor in Unique Features and Upgrades 6. Account for Pricing Trends…