When asked what they want most from their real estate practitioner, first - time buyers say they need help finding the right home, negotiating price, handling paperwork, determining what
comparable homes are selling for, and arranging financing.
Educate: Educate the buyer on the area, what
comparable homes are selling for, the average price per square foot in the neighborhood, and every stage in the buying process.
Do some research and find out what
comparable homes are selling for in your area.
Not exact matches
UEFA regulations state the price of tickets for visiting teams must not exceed «the price paid for tickets of a
comparable category that
are sold to supporters of the
home team».
If your
home is already on the market and has an offer on it,
be sure to gather the information your Realtor supplied you about
comparable homes that recently
sold.
If you
are buying a
home it
's imperative that there will
be a minimum of three additional
comparable sales within a close proximity to the property and have recently
sold.
Best comp I have
is that my neighbor's
home directly next door (same floor plan but brick and mine
is siding but very
comparable)
sold for 67,900 in 2011.
Maybe one of the
homes that the appraiser used for a
comparable was sold through the foreclosure process.
For example, if you found a
home that
is almost exactly like the one you
are interested in and it
sold for $ 200,000, yet the one you want to buy has a swimming pool, then you need to deduct at least $ 20,000 from the
selling price, leaving its actual
comparable price right at $ 180,000.
Just as you would with any important purchase, such as a
home or a car, checking out the current prices of
comparable bonds gives you a strong indicator of what your bond will cost to buy, or what you can expect to receive if you
are selling a security.
If there have
been three similar mobile
homes sold for all cash in the last few months, then use these local
comparable sales when evaluating the resale price local buyers may pay for a similar
home in this same park during this time of year.
However, you can buy a
home with some acreage without a problem (so long as it
's not considered an income producing property), as long as there
are other
comparable properties that have recently
been sold in the area.
The biggest
selling point of foreclosed
homes is, of course, their marked - down price — often significantly lower from other similar properties in the same area (known as
comparables, or comps, in broker - speak).
ComFree.com also showed him — much like the MLS would, he says — what similar
homes in his area
were selling for, which turned out to
be comparable to the bank assessment price.
Some of the most important information an appraiser uses to determine your
home's value
is the
comparable properties in the area that have
sold.
I owe 37k and
comparable homes in my area
are only
selling for 27 to 30k.
Those who decide not to
sell their
homes have to pay the company back at the end of the 10 - year period, similar to a loan, with an annual effective interest rate that
's capped at about 15 percent,
comparable to rates on some credit cards or unsecured consumer debt.
Studies conducted by the Lawrence Berkeley National Laboratory (LBNL), which
is funded by the U.S. Department of Energy, have found that
homes with solar consistently
sell for more than
comparable homes without it.
Research all the
homes that have
sold in the area over the last six months, regardless of whether they
're comparable, and
be ready to explain why a recent sale isn't a good comp.
Response: If the neighbor's
home is a true
comparable, it should
be in your CMA and you will
be able to show the client the adjustments that likely contributed to its higher
selling price.
If you disqualified it as a
comparable, you will
be able to explain that as well — for instance, the
home sold too long ago and doesn't reflect the most current market conditions.
Well, the average FSBO property
sells for more than 20 percent less than
comparable homes that
are listed by an agent, according to the NAR report.
It
is important that the asking price of the
home is what
is considered to
be a fair market value based on key elements such as the
home's size, condition, location, the current property market conditions and the
selling prices of
comparable homes in the area.
There
are consistent and related findings between annual consumer research in NAR's Profile of
Home Buyers and Sellers, and sets of data in the existing - home sales series, that show current market conditions are comparable with median selling time in balanced mark
Home Buyers and Sellers, and sets of data in the existing -
home sales series, that show current market conditions are comparable with median selling time in balanced mark
home sales series, that show current market conditions
are comparable with median
selling time in balanced markets.
They may
be missing important
selling features of your
home, such as close proximity to a certain coveted school, or the
selling price of a pending
comparable.
If
home prices
are falling, however, your house should
be priced cheaper than
comparable homes for sale, otherwise, it won't
sell and you'll ride the market down.
As should've
been revealed in the comparative market analysis (CMA), what other,
comparable homes have recently
sold for should give you a good estimation of a reasonable
selling price for the listing in question.
But to really ensure that your
home will
sell fast,
be sure the upgrades that you carry out before you
sell it
are comparable with other houses in your neighborhood.
This
is when an appraiser will look for at least 3 recent sales of
comparable homes that have
sold recently.
How much
are comparable homes in this suburb or neighbouring suburbs
selling for?
You will need to take into account the condition of your
home, what
comparable homes in your neighborhood
are selling for, and state of the overall market in your area.
Sales prices of recently
sold nearby
comparable homes as well as asking prices of similar neighborhood
homes now on the market should
be included.
Note: The only type of
comparable sale that
is significant
is a
sold home of similar size, configuration, condition, and location.
If you
're relying on statistics to keep up to date on market trends and conditions, or you
're compiling listings for
comparables to send to customers to assist them in buying or
selling a
home, you depend on the data you retrieve from XL Paragon...
The most important factor
is a breakdown of «
comparables» — nearby
homes or properties that have
sold recently and
are similar in size and features to the
home being appraised.
A CMA performed by a qualified Fort McMurray real estate professional
is an estimate of the current market value of a particular property, based both on the specific features and qualities of the individual
home and
comparable homes already on the market, or
homes that
are similar and have
sold recently.
Automated online
home value estimators generally use a computer algorithm that has
been formulated to try to do what a human appraiser or real estate agent would do: compare the property (your
home) against other nearby
homes that have recently
sold (the
comparable properties, or «comps»).
Those who decide not to
sell their
homes have to pay the company back at the end of the 10 - year period, similar to a loan, with an annual effective interest rate that
's capped at about 15 percent,
comparable to rates on some credit cards or unsecured consumer debt.
you can go back to your computer, determine the price that
home really
sold for, decide if it
is a good
comparable, come back with your recommended value, and then
be prepared to discuss the sale your seller heard about.
If you've got to
sell soon because of a job transfer or you've already purchased another
home, it may
be necessary to generate buyer interest by dropping your price so your
home is a little lower priced than
comparable homes in your area.
Comps: Short for
comparable properties to the
home you
're buying or
selling, used by Realtors to help determine property value.
A CMA performed by a qualified Sherwood Park real estate professional
is an estimate of the current market value of a particular property, based both on the specific features and qualities of the individual
home and
comparable homes already on the market, or
homes that
are similar and have
sold recently.
What have
comparable homes sold for and what
's still on the market?
Simply fill in your information below and I'll get back to you shortly with a detailed report of
comparable homes in your area that have recently
sold or
are currently for sale.
An oft - quoted study of stigmatized
homes in Ohio found that such
homes were on the market 45 percent longer than
comparable properties, and that they
sold for 3 percent less.
Now, we have three
comparable homes adjusted to
be the same as our subject
home, and now we get a
sold price per square foot for each.
Not so in residential where
homes are valued based on what other
comparable properties
sold for.
The median price of a
home sold in the Bay Area during the fourth quarter
was $ 485,411, down 5 percent from both the previous quarter, when it
was $ 509,876, and the
comparable year - ago period, when it stood at $ 508,336.
There
is one in my area right now that they have priced at $ 230K when 2
comparable homes just
sold for $ 155K and $ 160K, so don't know what they
are thinking with their asking prices these days, but can't wait to see what it ends up
selling for.
This letter should explain to them the current market conditions, what
comparable homes have recently
sold or
been listed, and how many web hits MLS and your website have generated.