Realtors and appraisers will compare home features when determining value. A market analysis will compare your home’s features and amenities to another home that has recently sold to help arrive at a true value of your home. Features that might be used when determining value include:
Age of home
Square foot
Pool
Screen porch
Fireplace
Garage
Fence
Flooring
Bedrooms and baths
Granite, Corian
Type of roof [...]
FAR recently released info on the median sales price.
“Florida’s median sales price for existing homes last month was $175,100; a year ago, it was $224,700 for a 22 percent decrease.”
The Florida Association of Realtors reports that home sales increased by 24% over the same time last year for the month of September. This increase will have a huge impact on future market analysis completed for owners thinking of selling.
The increase of sales would seem to indicate that pricing of real estate has now reached [...]
At the end of the day in this market the house priced the best and shows the best will be the house that sells. When agents present a market analysis to their potential seller this must be stressed, best price - best house will sell regardless of what is going on around them.
Days on the market or DOM is the time spent from your initial listing contract date to the time you receive and accept an offer.
CMA or Comparable Market Analysis is the process of comparing your home to similar home of size and location currently for sale and have recently sold.
Adjustments are what is used to [...]
People like fresh and this is no different when it comes to purchasing real estate. Right now the length of time your home spends on the market will ultimately reduce your home’s value.
You may finally reduce your home to a price in line with what the market dictates only to find your home is now competing [...]
Many home owners have made this statement over the last year or so and it usually is exclaimed when their agent presents an offer considerably lower the seller has their home listed for or when presenting a market analysis at the listing presentation.
In most cases the bad news for the seller is while they will [...]
Median home sales price in the Orlando area was $210,000 as compared to August $200,000.
Banks agreeing to allow homeowners to payoff less than their mortgage in order to sell their homes are contributing to the dropping home prices.
The current real estate market has seen an increase of short sale transactions. Sellers who need to sell their home have few options and look to the bank for a short sale [...]