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Pricing your home correctly is one of the biggest keys to attracting a robust pool of potential buyers, but the pricing process feels like one big mystery for many sellers. The good news is that it definitely doesn't have to be! While the pricing process can be complex, every good real estate agent follows a similar process to determine a home's value. Understanding what does – and what doesn't – factor into a home valuation will help you get a better grip on how much to expect when you sell. Our REALTORS® are here to help remove the mystery from the home valuation process.
It All Starts with a CMA
When determining the value of your home, your agent will start with a comparative market analysis (CMA) to compare your home with other, similar properties in your area. A CMA looks at the comparable homes that are currently on sale, those that have already sold recently, and homes that were listed but didn't sell. With a CMA in hand, you'll have a much deeper understanding of how your home fits within your local real estate market, whether you're competing with other Mansfield homes for sale or listing in any other community.
Selling your home can be overwhelming. Success depends on a combination of the right situation, the right market, and the right real estate agent. There are questions you'll want to ask prospective real estate agents when you're getting ready to sell your home. Here are ten questions our REALTORS® have been asked when potential clients are preparing to sell their Ashland, Ohio homes for sale.
The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.
The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale i...
Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.
Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.
Foot traffic refers to the number of people who ar...
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys "over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions" for their monthly REALTORS Confidence Index.
Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).
The map below was created after asking the question: "Ho...
