Market Analysis

Thinking about selling your home? What are other houses in your neighborhood selling for? Knowledge is power - be sure to equip yourself with answers before putting your home on the market.

To help you determine your home's worth in today's market, I am offering a free Comparative Market Analysis (CMA). A CMA is an effective tool that gives a good indication of what a buyer will pay for your home based on several factors:
  • Location
    Look at the area in which the house is located as well as the surrounding neighborhood. Is the house on a busy street or a cul-de-sac? What are the tradeoffs and the advantages of your property?

  • Features
    Does your house have specific features that set it apart from other houses in the area, such as a spectacular view, room additions, etc?

  • Condition
    Potential buyers will want to know the age of the plumbing, furnace, roof, appliances, etc. If anything has been replaced, this could add to the value of your property and the sale price.

  • Current Market
    A "buyer's market" means there are several similar houses for a buyer to choose from. Usually, interest rates are attractive and prices are steady. A "seller's market" is the opposite. Interest rates may be low or high, but housing prices are on the rise, and there are few houses to be sold.

  • Your Time Frame
    How long do you have to sell this house? What was the average time on the market for a comparable home? Can you wait while a buyer arranges financing? Does your purchase of another home depend upon this deal closing quickly?

  • Competition
    To get a complete picture of your local marketplace, the CMA should include information about currently available comparable listings, pending sales, sales that occurred within the last six months, as well as information about listings that did not sell during the listing period.

    • Currently listed homes will identify the competition.
    • Recently sold homes indicate what buyers are willing to pay.
    • Expired listings of homes that fail to sell suggest what buyers will not pay.

With this current market data, we can determine what your home might sell for if you decided to put it on the market. Let me prepare a market analysis of your property. There is no cost or obligation for this valuable service.

Debra McCann, Broker
Wine Country Properties