Are you opting to sell your home? Nowadays, the Halifax homes for sale are facing a growing competition; however, the real estate market still thrives. You will need to properly price your property to consider it sold. You can find a lot of realtors in this area where they allow you to access information and data that helps you determine the real and appropriate price of your property for sale.
To price your property, you will need to start with a comparative market analysis (CMA). The market analysis will have you essentially involvedin an examination of listings and sales of similar properties in a given area for an approximate market value. You have to estimate the price of your property so you can expose it to the market and allow you to find intelligent and unbiased buyers. More importantly, the market value is considered the overall price a buyer will buy or seller will sell the property.
How to Carry Out CMA
When conducting CMA, reputable realtors will typically price a home on the basis of three or more corresponding properties recently sold. A corresponding property will share similar features like the location. Once it’s carefully examined, the unique features of the house and the property in question is listed down. Other elements to consider are the condition, size, age, lot, accessibility and competition of the house. Once the CMA is properly determined, a price can be recommended to the client that will accurately reflect the market value.
Why Price Properly?
Real estate studies show that around 75% of Halifax homes for sale exactly computed recommend a listing price that will sell within five weeks or less. Moreover, around 95% of the homes priced at just about 2% under the recommended listing price will sell within three weeks or less. But for over-priced homes, there is around 5% chance of getting sold within 12 weeks or less.
When you properly price your home, it should reflect the real market value on the market. When you do this, you actually sell your home faster, which saves you further costs of making mortgage payments, paying taxes and other related costs. Buyers will consider the low bids of your home as they know it is priced well and is of good value. When you sell at a higher price, it may have to be lowered down several times before the home eventually sells. This will provide real estate professionals a chance to bring in their clients to see the Halifax homes for sale and have a greater chance of selling it.