What's my Home Worth?
We can provide you with a detailed Comparative Market Analysis (CMA) that shows your home’s current market value and how it compares to similar homes for sale. Enter your property address and contact information
Each CMA we provide is created by a licensed Bloom Realty agent with expertise in the local community. Please complete the form below and we will get back to you with a report as soon as possible.
Please complete the property information form and include any specific information on your home in the Message box.
Once we have received all your information, we will be in touch with you shortly.
Sample Comparative Market Analysis
In our CMAs we examine the sales activity of comparable properties, assess the inventory of similar homes for sale, and track the history of nearby sales prices.
The report shows how much your homes could sell based on the location and characteristics of your property in relation to comparable homes.
CMAs include: photos, maps, graphs and charts.
Pricing your home to sell
Listing your home at the right price is crucial to its eventual sale. If you want to sell quickly, your asking price should be very near the value.
If your home is listed at a price that is above market value, you will miss out on prospective buyers who would otherwise be prime candidates to purchase your home. If you list at a price that is below market value, you will ultimately sell for a price that is not the optimum value for your home.
By pricing your property at market value, you expose it to a much greater percentage of prospective buyers. This increases your chances for a sale while ensuring a final sale price that properly reflects the market value of your home. Generally, the price should not exceed the value by more than 5% or potential buyers may not even make offers.
Here are a few things to keep in mind about pricing:
- Realistic pricing will achieve maximum price in a reasonable time.
- Your cost or profit desire is irrelevant; the market determines the price.
- The cost of improvements are almost always more than the added value.
- Houses that remain on the market for a long time do not get shown.
- A house that is priced right from the beginning achieves the highest proceeds.
What is the right time to sell your home?
Another critical factor to keep in mind when pricing your home is timing.
A property attracts the most attention, excitement and interest from the real estate community and potential buyers when it is first listed on the market.
Improper pricing at the initial listing misses out on this peak interest period and may result in your property languishing on the market. This may lead to a below market value sale price, or, even worse, no sale at all.