Saturday, January 3, 2015

Do You Know the Value of Your Home?

Home Values

Real estate professionals use a Comparative Market Analysis (CMA) approach to assess a home's market value: a well-executed CMA provides a sound basis for a home value discussion. Ultimately, you must decide the price to ask for your home. Regular feedback from the listing agent will provide information about revisiting the pricing strategy, if the asking price does not generate the desired offers.
A CMA Will Include Comparable Property Information:
  • Sales closed within the last 3-6 months
  • Properties currently under agreement
  • Active listings
  • Withdrawn and expired listings
And A Range Of Values Based Upon:
  • Neighborhood
  • Age of property
  • Conditions of property
  • Features of property
With A Marketing Plan:
  • Tailored to your property
  • Detailing the specific services provided
A homeownership professional specializing in the local market is best qualified to give you an accurate assessment of your home's current market value, and to help balance market realities with your dreams, allowing you to establish the most effective marketing program, including an asking price that generates active buyer interest.

If you are thinking of listing your home in 2015 you need to know what it's worth. Call Lisa Morrison and The Newport Group for a CMA of your home.    401-849-3339

article source-Coldwell Banker New England