WHAT’S IN A COMPARATIVE MARKET ANALYSIS?
Setting the right price from the start is among the most important steps toward successfully selling your home. This requires taking a close look at what other houses are selling for to judge the relative value of your home. No matter how priceless your remodeled kitchen or finished basement are, the market sets a value—the price a buyer is willing to pay. One of the key ways to compare your house to others on the market is to look at a
comparative market analysis, or “CMA.”
A comparative market analysis is a report, compiled by a licensed Real Estate Professional. A CMA can tell you:
What homes like yours are actually selling for
How long it may take to sell?
What their sales prices were in relation to their list prices (the difference between what
people actually got for their home and what they asked for).
It is especially important to pay attention to the prices of pending, rather than closed sales, for the basic reason that they are the most recent.
Visit some of the comparables yourself to see how houses on the market compare to yours in terms of price and features. Call one of our agents and ask about this valuable tool!!
WHY A HOME INSPECTION?
Once you buy a new home, any problem, faulty system, needy repairs become your responsibility. What you can’t see, can cost you.
WHAT IS A HOME INSPECTION?
A home inspection is an independent evaluation of a home’s components based on the simple criteria of durability and serviceability. An inspector is considered credible if he has no personal interest in the outcome of the report.
The purchase of a home is a very large investment. Most people don’t have a trained eye to see all that a professional inspector sees.
WHEN SHOULD A HOME BE INSPECTED?
As a Buyer: Make it a part of your purchase agreement with the seller as a contingency pending your approval.
As a Seller: Before you list your property for sale, have it inspected so you have an opportunity to see your home from a buyer’s prospective. here, click edit button to change this text.