How much is my home worth? What can I sell it for?

June 1, 2015

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You can answer both of these questions with a Free Home Market Analysis from Mike Thomas Associates. We are skilled at helping you establish the fair market value so you can get the best price for your property.

What is a Home Market Analysis?

It’s a valuation of your real estate, offering an educated opinion of what your property might sell for if it were on the market. The agents at Mike Thomas Associates are skilled at helping you establish the fair market value so that you can get the best price for your property

A Home Market Analysis will provide critical factors for the homeowner, such as:

  • Find out the competitive home prices in your area
  • Current equity in your home
  • Increased value of your home since you purchased it
  • The information necessary to update your insurance coverage

A home market analysis helps homeowners avoid some common pitfalls when it comes time to sell.

The first few weeks after a home is listed are the most important.

Sell With, Not Against the Market
The first few weeks are criticial and pricing your home too high loses the attention of the market. Many are tempted to list their home based on how much they would like to get out of the sale without understanding what the home is really worth. Taking a close look at what the market is doing in your neighborhood makes sure the property is priced to sell.

A key mistake many make: overpricing the home.
High prices mean little traffic will be generated around the property. Low interest in the market puts the onus back on the homeowner to act. What often results is that homeowners end up with a final sales price that is well below the initial asking price.

Selling a home is not a simple task and there is much to consider. A comprehensive market analysis can lay the groundwork that keeps the homeowner in the driver’s seat when it comes time to sell. Be sure to ask your agent to prepare a home market analysis for you.

For a free home Comparative Market Analysis, call the real estate professionals at Mike Thomas Associates Realtors® for an appointment.

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