You can think of comparative market analysis (CMA) like a simple tool. Essentially, it can be used to round up properties in the area that are similiar to your property and help determine the value of the home. There are a handful of components that go into the value and price at which you sell your home.
The probability of receiving an acceptable offer on your property and completing a sale diminishes significantly when your asking price is higher than the current market value. To keep your asking price within the current market value range, we analyze all the factors that affect your property's value in today's real estate market. The factors include:
The asking price of your property should be based on the information the marketplace provides and your comfort level. After searching all factors involved, your Berkshire Hathaway HomeServices Hudson Valley Properties real estate professional will suggest the price range that will be competitive and spark maximum buyer activity. With this information, you can make an informed decision about your asking price.
The Hudson Valley real estate market is constantly fluctuating, so pricing is not an exact science. Rather, it's a reasonable figure derived from a number of different components, such as:
It's important to note that the following conditions do not affect your home's price: