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To be valid, the data selected must be comparable to your property -- as similar as possible to avoid making too many adjustments for differences. Our ongoing involvement in the local market is your guarantee that the information herein will be appropriate and specific to your property's characteristics.
This analysis is based on two categories:
- Recently SOLD properties similar to yours.
- Currently LISTED properties that would be your competition.
By carefully evaluation of the data provided considering the location, size, similarities and differences, we can develop a clear and accurate picture of the market potential for your property.
By looking at the properties currently listed, we can see exactly what alternatives a serious buyer has to choose from, and where your property fits into the overall picture.
In considering the recently sold properties, we get an accurate picture of the actual sales activity in properties similar to yours, the price range, the amount of interest shown, and the typical time required for finding a purchaser. A significant factor is the amount of money mortgage lenders are prepared to offer on similar properties. Their appraisals are based in large part on the same database that we use for this evaluation.
While our common goal is to obtain top market value for the home, we can agree that there's a point where the asking price could be too high. An objective consideration of the recent market activity should enable us to approach that price point without exceeding it and scaring off potential purchasers. With due consideration, we should be able to position your property for maximum exposure and maximum return in the shortest possible time.
For more information and a FREE Market Valuation, please contact Bob Ferguson for some expert professional guidance.
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