Seller Resources
Discover Your Home’s Value in Today’s Ever-changing Real Estate Market When you are getting ready to sell your home in Sonoma County or in the Napa Valley, one of the things you may be concerned about is what your home is worth. With a comparative market analysis (CMA), you can get a rough estimate of your home’s value before you decide on a listing price. The Stornetta Team will help you determine what your home is worth with a CMA, which is the best way to find out (informally) how much your home is worth without paying an appraiser for a professional opinion. What is a Comparative Market Analysis? Those new to home selling may not understand what a comparative market analysis, or CMA actually is. The technical definition of a CMA is an informal assessment of a property's market value, usually done to establish a reasonable listing price. The price of your home is established by comparing the property to homes similar to yours that have sold in the area within the past year. This is done by your Realtor®, who has easy access to area real estate sales records. When we perform a CMA for a client, we take the time to listen and learn about the pros and cons of that client’s home. We then look at the home, so that we can compare it to past experiences and know what a reasonable asking price is. We are careful not to overprice, while still bringing you a good return on investment. The Dangers of Overpricing Your Napa Valley or Sonoma County Home! Overpricing happens when a client insists on a listing price for their home that far exceeds the home’s fair market value. Some of the dangers that come with overpricing include: - Lack of offers from home buyers
- Long time on the market, leading to the home getting “stale”, meaning the longer it remains on the market, the more potential buyers and other Realtors® will think something is wrong with it
- Overpricing can help sell competing homes for sale which are reasonably priced
- The final sale price of your home can actually be lower than the fair market value
Contact the Stornetta Team Today for Your Comparative Market Analysis Having a comparative market analysis of your home when you are going to list your home for sale in Sonoma County or the Napa Valley makes good cents. We can help you with your CMA to ensure that you will receive a good return on investment. Simply fill out the form below, click submit, or call us today @ (707) 934-2301. We appreciate your stopping by and look forward to speaking with you! Please fill out the form below to request more information and have one our specialist contact you.
* Denotes a required field.
|
