A critical element to attracting the right buyers who will make serious market value offers for your home is in the asking price you set. Your asking price should be based upon the same criteria an appraiser will be using for the buyer’s lender. That appraiser will make“comps” for the bank. These comps will contain details of all the recent sales made in your neighborhood. They will be adjusted to reflect the specifics of your home. In doing that, appraisers will not use “asking prices” of unsold homes because those prices represent nothing other than what a homeowner is hoping to get and a buyer has not been willing to pay.
The market price of homes that actually sell will have satisfied all parties involved: the homeowners, the buyers, and the bank that is loaning the money. If any of those three don’t agree, there is no transfer of title.
Unlike Zillow or Trulia or other internet sites that assign values based on statistics, an appraiser will actually visit and measure your home. The appraiser will then note all the improvements you’ve made and assess your home’s overall condition. That’s why you cannot rely on websites to assign your home’s market value. Always use a Realtor who has been properly trained on making a personalized comparative market analysis. Done right, those CMAs are even better than getting an appraiser’s paid opinion because, unlike the appraiser's comps. the cma will include homes that are currently in escrow. Your Realty World ALL STARS agent have been trained to research and include homes that are currently in escrow. That’s one of the reasons our listings tend to sell faster and close escrow for more money.
You should also avoid using agents who do not tour your home to help form their price recommendation. Computer models and unskilled agents can literally cost you thousands of dollars in lost equity. Most computer models like Zillow admit to inaccuracies of up to 20%.
The right agent and the right asking price will attract the right buyers. Only then will you get the right price for your home!
The best recommendations we can receive are from our current and past clients. Together they contributed to both the Daily Bulletin and Los Angeles Times Reader's Choice polls. Realty World ALL STARS was awarded the title: "BEST REAL ESTATE COMPANY IN SOUTHERN CALIFORNIA." No other real estate franchise or company can make that claim. On behalf of all the fine, dedicated professionals at our company, Karla and Joe wish to thank all our clients for giving us the privilege of representing their real estate interests and then recommending us to all the internet and newspaper readers of these two leaders of the fourth estate.
REALTY WORLD ALL STARS: "The Right Agent Makes All The Difference In The World!"