In home-selling, mt common (and costliest) mistakes homeowners pricing tr property wrongly. sell home high, property risk getting stale fm receiving visits fm buyers. sell yr home low, you’ll surely regret sale end. getting Fair Market Value yr property important. you’re price Coral Gables real estate property, se tips consider.
The Comps
First foremost Fair Market Value tool comps comparable homes. Researching neighboringCoral Gables real estate properties wl tremendously helpful giving baseline sample price yours. limit yr comps research properties tt similar yours: square footage, condition, age construction. Furthermore, choose properties sold recently te currently newly added market listing.
Obtaining Comps
Your agent wl able provide Comparative Market Analysis, price yr Coral Gables real estate property correctly. kn CMA, tool compilation market statistics includes information homes sold wn past months (Recent Sales); properties listed active listings (Currently Sale).
Another obtain CMA surf web online tool tt provide wh location-specific report. addition, CMA available city’s public records newspapers.
Pricing using Comps
Comps useful helping determine average cost square foot neighborhood. achieved getting average square foot average price. average square foot formula: Square Foot Home 1 Home 5 / 5. example lt properties.
Next, determine average price using formula changing values sold price se properties. average price, divide tt average square footage obtain average price square foot. Finally, multiply tt square footage home sale. final nr pretty mh basis price property.
Mark Michael Ferrer
Coral Gables Real Estate
