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What is the market value of my home?

The Comparative Market Analysis (also called Broker price opinion) compares homes that have sold recently, that are on the market for sale right now and the ones that have not sold at all. Comparable homes are considered properties that are located in a close distance that have comparable amenities and are of a similar size. For Orlando real estate that refers especially to houses in the same neighborhoods. Another neighborhood might be close by but has different type of homes, lot sizes, and community features. Real estate agents compile their comparative market analysis pretty much like a certified appraiser prepares his appraisal. 

To get the most out of your sale you should price it at its market value. Pricing it above value will not help the sale but prolong market time.   What's my home worth 

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The showing activity is the highest when a property is offered fairly new.. After an extended period on the market a property can become somewhat stigmatized. Buyers will ask "why it has not sold yet" and wonder if there is something wrong with it. Agents that have shown it before may not show it again since their other buyers were not interested in this property. Correct pricing is important to get top market value for the property and keep the Realtor community interested in showing the house. 

Before you offer your home for sale check here how much your homes is worth and request a free broker price opinion.

 

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Copyright 2005 - Malte Strauss -  office phone 800-771-0031 extension 298  -  direct line 407-416-9659 - fax 407-650-2769 
All information believed to be correct but not guaranteed. Usage of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity Company. equalhous.gif (1822 bytes) Equal Housing Opportunity. Each office is independently owned and operated.