Home Expense: A Comparative Market Analysis

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Selling homes is a tough business and good realtors make it look easy. They’ve learned how to manage the market during good and not so good conditions gaining experience overtime that just can’t be replicated easily. One the most resourceful tools for marketing your property is the Alameda MLS. One of the first things to attract potential buyers is pricing. Getting your property listed in the Alameda MLS will bring traffic through your home increasing the chances of getting an offer on your home. Being listed in the local MLS also get your property notice by the local realtors with potential buyers interested in a home like yours.
If you’re not working with a realtor, you will have some fees to pays for listing in the Alameda MLS.
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The industry uses a Comparative Market Analysis (CMA )or what most us know as property comps. The reports provide information on the sale of similar homes to yours over a 6 month period. You have actual data of what buyers were willing to pay for a home in your neighborhood and the industry uses this information to determine the home’s market value. It doesn’t mean this is what you should list or what you sell for – it’s information that helps price your home correctly according the current …show more content…
Keep in mind the holiday season may slow the process but it doesn’t stop the sale. Don’t be surprised to have potential buyers respond to your MLS listing. Today’s buyers enjoy checking out the selective neighborhoods before they actually approach the seller. If they are working with a realtor, the realtor is going to research the market value and selling price for the home. It’s crucial that you as the seller make time to monitor the market, and calculate your home’s true value before listing. If you’ve done improvement or renovations, those features are added values to the home and should be included in the sales price. Just don’t base the value on your emotional attachment to the home – the correct sale price is comparable to the current market

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