What's My Property Worth?
Market Value Has Been Defined As:
The most probable price a property should bring in a competitive and open market assuming the following condition:
- Buyer and seller are typically motivated
- Both parties are well informed or well advised acting in their own best interest.
- A reasonable time is allowed for exposure in the open market.
- The price represents normal financing and sales concessions. (The Language of Real Estate, Sixth Edition, John W. Reilly)
An estimate of price is generally indicated as a range of values.
In preparing a competitive market analysis (CMA), we will use comparable sales, competitive listings, location, amenities and property condition.
The CMA will not reflect every property of comparable value for sale on the market today, but will represent a good cross section of the current inventory and recent sales. While none of the properties will be exactly yours, they will provide a good reference source in a comparative analysis.
The price you will receive, will depend on your motivation, the motivation of the buyer, and the market condition at the time of the sale.
Preparing My Home to Sell
Simple Steps to Make Your Home More Marketable
Here are some suggestions that will help you to get top market value:
The First Impression
• Make sure your entranceway says “Hey, look at me!”
• Functional doorbell
• Polish door hardware
General Maintenance
• Oil squeaky doors
• Tighten doorknobs
• Replace burned out lights
• Clean and repair windows.
• Touch up chipped paint
• Repair cracked plaster
• Repair leaking faucets and toilets
• Check A/C and heating systems
Curb Appeal
• Mow lawn and edge driveway and sidewalks
• Trim shrubs
• Weed and edge gardens
• Clean lawn furniture
• Touch-up exterior paint
• If you have a pool, make it crystal clear
• Open drapes in the day time
• Play quiet background music
• Keep pets out of visitors’ way
Less is More
• Store excess furniture
• Clear counters in bathrooms and kitchen
• Make closets neat and tidy
Tidy up
• Vacuum and Shampoo carpets
• Dust and wipe down blinds and window sills
• Clean and freshen bathrooms top to bottom
• Clean fridge and stove
• Make sure all beds are made and each room is de-cluttered
During Showings
• Be absent
• Turn on all lights
• Light fireplace
• Open drapes in the day time
• Play quiet background music
• Keep pets out of visitors’ way
The Closing Process
