Your property has many values: one to the tax assessor, one to your lender and yet another to you. It also has different values to prospective buyers depending on their needs, desires and financial resources. In the end, what determines the price of your property is the market.
Using his or her extensive knowledge of the Mt Washington Valley real estate market, your Select Real Estate agent performs a Comparative Market Analysis (CMA), which compares your property to similar properties in your neighborhood that are currently available or have recently sold.
A CMA is the roadmap to the correct listing price for your property — the price that will create competition among a pool of qualified buyers, and attract a strong offer (or offers) within a relatively short period of time.
Some of the factors we take into account when performing a CMA are:
- Usable square footage and lot dimensions
- Condition of property inside and out
- Buyer demand
- Prices of recently sold properties
- Interest rates and availability of financing
- Condition of the economy
- Seasonal demand
- Similar properties available for sale
- Their price, location and condition
For a detailed assessment of your home's value, contact Select Real Estate today.