What Is My Home Worth TODAY??
This is one of the most important questions when preparing to Sell Your Home. The current value of your home will ultimately be determined by what a Buyer is willing to pay in the open market, but pricing the home for the market is critical right now. If it is priced too high, no one will even take the time to look at, or consider, it. If it is priced competitively and properly for the market, you will see more showings and potentially some competitve bidding even in this market on some occasions.
We help you properly asses the market and determine a a competitive marketing price because an appraiser will certainly view your home objectively when the time comes for a potential Buyer to have a mortgage approved. If the appraiser fails to provide the lender the documentation to support the contract sales price, chances are your deal will fall through. We have seen this happen more often than we want lately.
How do we properly assess the current market and determine an Asking Price for the property? We have some exclusive software that allows us to download and analyze Local MLS information like no one else. We look at Market Trends™ for your city, county, neighborhood, or even street...Just like the Appraiser will! We look at recent, CLOSED SALE prices and the Volume of Closed Transcations, as well as Days on The Market, Average Sale Price to Asking Price Ratio, and Absorption Rates for the area. This is exactly what an appraiser will do, and we also provide a package to the appraiser, or selectively to potential buyers, that shows how we determine the Asking Price for the property. Many times, this allows my clients to actually get more money for their property.
Below is an example of our exclusive Market Trends™ technology for Westhaven, one of the most popular and high sales activity neighborhoods in Franklin. This is the Number of Closed Units over the last three (3) years (2008-2010):