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Many Hilton Head and Bluffton homeowners are curious about their current home value and 2024 market trends. It’s so important to keep your home value information up to date, especially if you have made improvements and are thinking of selling.
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WHAT IS A COMPARATIVE MARKET ANALYSIS (CMA)?
A Comparative Market Analysis (CMA) is an evaluation of similar, recently sold homes (called comparables or comps) that are near a home or homes that you want to buy or sell. Buyers, sellers, or real estate agents perform a CMA report to establish and find a fair price range for the home the report is created for. The price range from the CMA can then be used as a guide to be used for establishing an offer price or a listing price.
Basically, performing a CMA involves finding the homes that are similar to the home under consideration, and creating an in-depth comparison of its size, age, location, and features of the home. It all comes down to one question: compared to other, comparable homes in this area, how much is this home worth? Answering that question involves looking at a fair amount of data on other homes in the current market.
- The process for doing a comparative market analysis includes: Determine a list of quality comparables
- Evaluate the comparables within close range to the home
- Adjust comparable values for differences in size, condition, location, amenities, etc.
- Estimate the ideal value of your target home based off the findings
Helpful links.
– Most recent market reports→
– Free online home value estimate→
– Most profitable home improvements→
– Tips to increase curb appeal→
– 10 reasons to hire a Simply Grand Realty agent→
– Hilton Head Beach Regulations→
– Hilton Head Island Named #1→
– Top 7 Things to do in Bluffton→
– Coligney Beach Named One of The Best→
Selling FAQs.
What is the best way to sell your house?
The most common way to sell a home, used in 90% of sales, is to use a local real estate agent. The agent will list the home, market it, and coordinate showings with other agents and potential buyers. They will also help you evaluate offers, negotiate terms with the buyer, and ensure the deal goes through.
Is selling my house right now a good idea?
Is Now The Time To Sell A House? Real estate experts have speculated that home prices and the demand for houses will continue to increase in early 2022, albeit at a slower rate than we saw in 2021. Low mortgage rates and limited inventory continue to make the market conditions very competitive for buyers.
Can you sell a house cheaper than it’s worth?
You can sell your house for any price a buyer agrees to pay for it, even if that price falls short of your home’s market value. However, selling your home for a price below the market value does not relieve you of your duty to satisfy any liens on the property.
Should you sell your home for cash?
Selling a house for cash can save thousands in closing costs. You’ll save on appraisal fees, doc fees, credit checks, loan origination fees, but these are mostly for the buyer. Generally, closing costs will be much lower on a cash sale, which can save the seller money, too.
How much will I make selling my house?
Per Zillow:
Again using the median U.S. home sale price, 2% to 4% is $4,602 to $9,204, bringing your potential profit down to $59,219, assuming your transaction costs are on the higher end at 4%. In conclusion, the total profit for the home in this example is $59,219.
How do I sell a house myself?
While tempting, in most cases the risks of going it alone likely outweigh the benefits. Risks include having few potential buyers (let alone qualified buyers), making emotional decisions, not knowing how to negotiate properly, and not having enough free time to dedicate to finding a buyer.
What is the fastest way to sell your house?
Per Zillow:
- Clean and declutter.
- Pick a selling strategy.
- Set an attractive price.
- Invest in minor repairs.
- Stage and add curb appeal.
- Use professional photography.
- Create a listing strategy.
- Time your sale right.
- Be flexible with showings.
How do you sell a house good?
- Pick a selling strategy.
- Hire an experienced real estate agent.
- Clean everything.
- Depersonalize your home.
- Let the light in.
- Remove excess furniture and clutter.
- Consider staging your home.
- Invest in a professional photographer.
How do you price your home to sell?
According to Zillow, the asking price of a home should be within 10 percent of the average sold price in your neighborhood. Look for home sales in the past three months. Appraisers only look at comparable homes sold in the last three months.
Is selling your house a good idea?
Per bankrate.com
Assuming your buyer has the funds (or access to a loan), you’ll be able to speed to the finish line. Fewer costs to sell – While some sellers pay to stage their homes and budget extra money for upgrades to make a property look perfect, selling a house as-is means less pressure on your bank account.
Sell your home.
Your move.
Simply Grand Realty is the best realty company to what your home is worth. We will help sell your home, sell your condo or sell your villa:
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Simply Grand Realty can answer all your Hilton Head Island & Bluffton, SC real estate questions.
Simply Grand Realty’s real estate agent’s can help staging your home to sell!
Call us today to sell your house! We will sell your house quickly and sell my house for cash!
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