The Role of a Real Estate Agent in Pricing
- Provide you with a comparative market analysis (CMA), a comparison of the prices of recently sold homes that are similar in terms of location, style, and amenities. A CMAis performed by comparing previously sold homes in the area, and currently active homes to know your competition.
- There is no “exact price” for real estate
- We don’t tell you what we think your home is “worth”.
- The market determines value…together we determine the price.
- You determine the price based on the factors you control:
– Marketing time
– Financing alternatives provided
– Condition
– Exposure method - Keep in touch with market trends and keep up to date with market activity of comparable homes.
- Estimate your net proceeds.
- Help to determine offering incentives.
An agent has NO control over the market, only the marketing plan. Never select an agent based on