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Almost every real estate agent, I'm included, is willing to give you a Free Basic Market Analysis for your Southwest Florida home. A Basic Market Analysis will give you a general idea about what your home would reasonably sell for if it were to be listed for sale in the near future.
A basic market analysis is the method that most real estate professionals and many home appraiser's use to determine the value of a home for both sellers and buyers. It is a process of discovery through research that compares the sale prices of similar properties in a given area for the purpose of determining what buyers are willing to pay for a particular property.
A Basic Market Analysis includes the following:
1. What similar homes are currently selling for in your area
2. What the list price is for similar homes that are currently listed for sale in your area
3. How many similar homes are currently for sale in your area
To get your FREE Basic 'Competitive Market Analysis' just click here
However, there is more to pricing a home when it is going to go on the marke for sale. In today's competitive Southwest Florida real estate marketplace, it isn't about what your home is worth, it's about what it will sell for.
Serious home sellers need more than a basic Market Analysis if they want to achieve a successful sale in today's competitive real estate market. A market trend report and an assessment of the property is crucial to determine your home's value and proability of selling against other similar homes listed for sale. Only by knowing how the current market trend will affect the sale of your home can you make a truly informed decision on how to price your home.
Market trend analysis are often ignored or over-looked by many real estate agents who rely simply on a competitive market analysis to price homes. I find that Market Trends are the most important informational tool to use when developing a pricing strategy to give the homes I list the best chance of selling quickly and for the highest price possible.
These are the market statistics I use to determine market trends.
1. How long, on average, has it taken the most recent comparable homes to sell?
2. How many comparable home listings have expired without a sale?
3. What was the average list price of these expired listings? How did these list prices
compare with the homes that sold?
4. What was the percent difference between the list price and the actual negotiated sale price
of the most recently sold comparable homes?
5. Are the list to sold ratios trending up or down?
6. If it is moving up or down, How fast it is going in that direction?
7. How many of the competing homes are distressed sales?
8. What is the average list price of comparable homes that are distressed sale?
9. What is the average sale price of comparable homes that were distressed sales?
10. Are the number of distressed sales affecting prices of all properties?
11. How is the Natonal real estate market trending?
12. Is our local market reflecting the National trend? If not, why not?
13. How will these current market trends likely affect the sale of this home?
14. How does your home compare in size, features, location, condition, and benefits to the
comparable homes?
Because of the amount of time it takes and the importance of timeliness in developing a comparable trends analysis I can only provide a free trends analysis for Local Southwest Florida Homeowners who are ready to sell now and are willing to make an on-the-phone or in-person appointment to discuss the results in detail.
If you would like to make an appointment for a complete trends analysis
Click Here
Only when you are armed with the complete information will you have a pretty good idea of what you can expect to receive when selling your home in today's highly competitive market.
Be Aware that Market Analysis and Trends Reports are time-sensitive and the report you receive will be a result of the statistics available on the day they are gathered. What may happen in the future is unknown. The Local and National economy, Local and National events and local situations can arise or happen at anytime any of which may have a positive or negative influence on the pricing and sale of real estate.
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