Home Value - CMA
THE PRICE IS RIGHT???
FILL OUT THE FORM BELOW
FOR YOUR LIST
OF COMPARABLE SOLD HOMES.
Setting your price is 80% of your marketing effort. Obviously if priced too low you leave money on the table. However, pricing your home to high can also cost you!
Buyers are more educated than ever. If your property is priced too high, buyers will see other homes at your price and see that these other homes are nicer or larger than yours. Your home will most likely NOT SELL. Meanwhile you continue to pay the taxes, insurance and mortgage.
*Please note that this service is available to sellers in the El Paso, TX area only.
4 WAYS TO CHECK VALUE
Watch your competition. Check out other homes for sale in your area to find out the asking price, square footage, beds, baths etc. Keep
in mind that these are the homes buyers will compare yours against. (Price per square foot is a good common denominator with which to start a comparision.)
Get a list of comparables. Comparables are homes in your area that have already sold. Prices of these SOLD properties have already been proven by the market.
Get a market analysis. Realtors will often be glad to do a free market analysis of your property for you.
Get an appraisal. You can pay for a licensed appraiser to give a professional opinion of value. This appraisal can then be a sales tool. A buyer who needs mortgage financing can use this appraisal to get a loan.