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How to Determine the Best Price for Your Home

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When your home is priced right from the beginning, homeowners will achieve a better outcome. A comparative market analysis (CMA) is essential in determining the best listing price for your home.

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How does a CMA Work?

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The market analysis takes into account location, characteristics of the property, recent sales of comparable properties and the amount of inventory that's currently on the market. The goal is to find a price that will attract a willing and able buyer in a reasonable amount of time.

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Pricing Your Home to Sell

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Once similar properties have been identified, we will review the CMA report and help you determine the best listing price for your home. Generally, the price should not exceed more than 5% of the market value or potential buyers may not even make an offer.

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A few things to keep in mind about pricing:

  • The current market is the best indicator for determining a listing price

  • Realistic pricing will achieve maximum results

  • The cost homeowners incur for home improvements will always be more than the added value to the home

  • When houses remain on the market too long, showings to potential buyers tend to drop off

Hodson Realty, Inc. logo

Hodson Realty, Inc.

Integrity. Quality. Experience. Service.

6515 Main St.

Trumbull, Connecticut 06611

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