Contact Corey Robinson to discuss a Comparative Analysis before setting your sale price.
The following is how we determine information on comparable properties - properties that most closely match your property's specific characteristics. This is how we determine fair market value.
The Definition of Fair Market Value: The highest price, estimated in terms of money, a property will bring when a willing seller lists it on the open market. The process involves allowing time to find a willing buyer (where neither buyer nor seller is acting under compulsion). Additionally, both buyer and seller must have full knowledge of all of the uses and purposes to which the property is adapted and capable of being used.
Market value presupposes perfect knowledge on the part of the buyer and seller. Because this perfect world rarely exists, estimates are generally indicated as a range.
Your property evaluation is based on a review of the following information: comparable sales; competitive listings in escrow; square footage; location; amenities; property condition. This is the information commonly used by professional appraisers in evaluating properties. We have also considered the effect of any existing financing on the property.
Data comes from reliable sources such as the local association of realtors, local real estate firms and title companies. While a report does not contain every property of comparable value for sale now, it does represent a workable cross section of competitive real estate inventory. Furthermore, properties are seldom exact in comparison. A comparative market analysis is simply designed to be a good reference source. The price you ultimately receive will depend on many factors (i.e., your motivation, the motivation of the buyer, specific market conditions, etc.).
Once we have tested the market at this price, we make periodic reviews to ensure the price remains competitive.
"This broker's price opinion is not an appraisal as defined in chapter 18.140 RCW and has been prepared by a real estate licensee, licensed under chapter 18.85 RCW, who (is/is not) also state certified or state licensed as a real estate appraiser under chapter 18.140 RCW."
To find out more about how to get a Comparative Analysis on your home for sale in King County or Seattle contact Corey now!
|
