What Exactly is a Real Estate Market Analysis and Why Do You Need One?
Get an accurate overview of the market trends to price your home effectively and competitively!
What exactly is a Real Estate Market Analysis and why would you need one?
A Market Analysis is just that. An overview of the market and market trends that leaves no mistake as to what price your home should be listed at.
I have always laughed at the idea that some agents provide you with information on 10 properties and expect that an analysis of that scope would suffice. IT DOESN'T. Here's a helpful article on pricing your home for sale, and check out the top 15 FAQ's.
A True Market Analysis Includes:
Enough data where even YOU don't have to guess at the price, and after your review of the data included, the Realtor doesn't have to even tell you a range. Anything short of that is just fluff. The data should not be overwhelming, just informative.
active properies (your competition)
pending properties (trending prices)
sold properties (historical data)
Market Analyses should and will be performed as often as needed when your home is on the market.
