Your Property and Current Market Activity
Current Market Conditions are an important factor in pricing your home. This snapshot will guide you in assessing market trends so that you will know what to expect and how to best position your home.
Evaluation of Market Conditions
Preparing Your Home for Sale
1._________________________________________ __________________________________________ __________________________________________ 2. _ _______________________________________ __________________________________________ __________________________________________ 3. _ _______________________________________ __________________________________________ __________________________________________ 4. _ _______________________________________ __________________________________________ __________________________________________ 5. _ _______________________________________ __________________________________________ __________________________________________ The following suggests what a buyer would be likely to pay for a home such as yours (within a reasonable period of time) in today’s real estate market. This opinion is based on a study of recently sold properties, subjective market criteria, and my knowledge of this real estate market. Should you wish for a more formal and comprehensive report, I will help you arrange for a professional appraisal prepared for you on a fee basis.
Supply & Demand
The law of supply and demand dictates the equilibrium price of a property. Low housing inventory may drive prices up, increased inventory may drive house prices down.
Interest Rates
When interest rates are low, buyers are encouraged to purchase because not only does it make their monthly payment lower, they are able to purchase a higher- priced home.
Seasonal Markets
Certain times of the year may yield better results. The holiday season and school year both influence the supply and demand of any given market.
Comparable Market Analysis
A CMA is a powerful tool that rounds up similar properties in your area to help determine your home’s value. Examining about 10 properties comparable to your home in location and size will help determine an appropriate initial asking price.
Current Market Value
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Suggested List Price
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CHRISTINE’S TEAM CALL OR TEXT 602.989.7492
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