FREE Comparative Market Analysis

Knowing what your home is worth is important information to have if you are thinking of selling your home.

Before putting a home on the market or listing with a Designated real estate Broker , savvy home sellers obtain a comparative market analysis, also referred to in the industry as a CMA. Although reports can vary, from a two-page list of comparable home sales to a 50-page comprehensive guide, the length and complexity of the report depends on the agent's business practice.

Active listings are homes currently for sale. These listings matter only to the extent that they are your competition for buyers. They are not indicative of market value because sellers can ask whatever they want for their home. It doesn't mean any of the prices are realistic. The offered sales prices do not reflect market value until they sell!

Pending sale homes are formerly active listings that are under contract. They have not yet closed, so they are not yet a comparable sale. Unless the listing agent is willing to share information about the pending sale -- and many are not -- you will not know the actual sold price until the transaction closes. However, pending sales do indicate the direction the market is moving. If your home is priced above the list price of these pending sales, you could face longer DOM.

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Sold Listings

Homes that have closed within the past six months are your comparable sales. These are the sales an appraiser will use when appraising your home for the buyer, along with the pending sales (which will likely have closed by the time your home is sold). Look long and hard at the comparable sales because those are your market value.

Contact Us today and we will give you a detailed Comparative Market Analysis so you can put the best price on your home to get it sold and for top dollar!

Call 888.205.7914 X 7 or email Niki@NikiKingRealty.com

After we speak on the phone, I will give you another number if you want to continue by text.

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Why FREE Information?

We know the value of trust. We want you to know our goal is to serve you, educate you and assist you in handling all the complexities of the market. We offer you free information so you will see us keep our promises, and so that you will contact us when you are ready for the next step. We provide you vital information about your transaction with the hope you will respond and use our services when you are ready.

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We follow your lead. We only send you information that you request and we contact you only with your permission. We always offer you the opportunity to un-subscribe or opt out for any reason and at any time. We are here to offer you a service and want you to feel comfortable.

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Guarding your privacy is important to us. We do not and will not sell or trade your information. Our goal is to gain your trust, and our first rule is to respect your privacy and the integrity of our relationship.

 




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