Highest net price
*Net is how much seller receives after commissions are deducted.
A comparable market analysis (CMA) provides a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range as your home. This data is further sorted by features such as square footage, bedrooms, bathrooms, finishes and condition. The result is a comparison with homes that most closely resemble yours. A CMA is a good indicator of fair market value, based on comparable listings and what buyers have been willing to pay.
When done by a qualified real estate expert using relevant data, a CMA is very accurate, but it’s important to keep in mind that it is a snapshot of the market, based on the most recent data available, at a given point in time. A CMA can instantly be rendered obsolete by a new listing or a change of status in a home with the same criteria. The market is constantly changing with new listings, pending sales, closed sales, price reductions and expired listings — all impacting current comparative market values.
Recommended list price: $300,000
*Estimated net price: $283,000
Even in a neighborhood where there are many houses constructed alike, with similar elevations and floors plans, some will still be worth more than others. Why is this? In real estate, a house is worth only as much as buyers are willing to pay. When a home is sold, a willing seller and a willing buyer have just announced to the world the value of that home. From there, other similar homes are benchmarked. But, that doesn’t mean they will all be valued at that same price. Other factors come into play. The most important features impacting price and marketability are:
Location - It’s true that desirable location can mean different things to different buyers. But in general, the closer a home is to jobs, parks, public transportation, schools, retail and community services, the more appealing it will be to buyers, which improves value. Even if a buyer isn’t concerned about their commute or easy access to entertainment, they will consider how location will impact resale.
Size - Greater square footage means more living space, which is typically more desirable and therefore, commands a higher price. Today, the median square footage of a new single-family home sold was 2,435 square feet. Greater square footage also means higher material and labor cost when a home is under construction, so that’s another reason you’ll see larger homes carrying a higher price tag. Finished space to create bonus rooms for playrooms, home offices and man caves is also in demand, as are finished basements. Larger lot sizes mean more owner privacy. All increase home value.
Number of bedrooms and baths – Another big contributor to the grown in median home size has been an increased demand for the number of bedrooms and bathrooms. Only a few decades ago, children typically shared bedrooms and bathrooms. But today, families want more privacy and convenience. Bedrooms with spacious walk-in closets and en suites are in demand, as are expansive mater bedrooms and mother-in-law suites. Slightly more than 49 percent of new single family homes sold now have four or more bedrooms. All these trends contribute to higher home values.
Features and finishes - Features such as outdoor kitchens and spa-like baths make a home feel more luxurious. A home finished with hardwood floors and granite, marble or quartz countertops is going to cost more than a home with wall-towall carpet and laminate countertops. Crown molding, smart home features, coffered ceilings and double doors are other touches that can boost a home’s value.
Condition - The newer a home is, the higher the value in most cases. Exceptions are sometimes seen with historical homes have been well-maintained. But typically, a newer home is rightfully seen as more modern, up to date, and perhaps more secure, than similarly sized homes of earlier origins. Homes that are not updated or in poor repair typically sell for less than similar homes that have been updated. For that reason, it’s a good idea for homeowners to keep their homes updated and in top repair.
Curb appeal - From the street, the home that looks clean, fresh, and inviting is more desirable, and can often command a higher price, than one that has a neglected yard or an out-of-date exterior. Fresh landscaping and flowers, maintained driveways and sidewalks, and maintained exteriors may not add square footage, but they can entice buyers to make a slightly higher offer.
When two homes are identical structurally and in the same neighborhood, a higher price may come down to something as simple as views, paint colors or even the décor taste of the homeowner.
Fact: Homes listed with agents of The Offer Company get more exposure, sell faster and get their sellers more money than homes listed elsewhere or sold by the owner. We have the track record to prove it.
Experience isn’t just about a proven formula for selling and expert negotiating skills. A successful real estate transaction always starts with intelligent pricing and timing. Pricing a home for sale is as much art as science, which is why you will want an experienced, knowledgeable agent. But there are a few truisms that never change:
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted for a wide range of reasons, but the two largest are location and condition. Generally, fair market value can be determined by comparables: other similar homes that have sold or are currently for sale in the same area.
Sellers often view their homes as special or better than other homes in their neighborhood. This is understandable; most people have fond feelings for their home, their furnishings and even how they’ve decorated. Our homes are oden rich with fond memories, so it’s natural to convert those happy moments into dollars without even realizing it. That tempts homeowners to put a higher price on the home than its true market value would dictate, believing they can always come down later. But that’s a serious mistake.
Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range and look for the best value in that range.
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents. This timing is critical because you only have one shot at it. That’s why it’s so important to have an agent that understands the importance of timing and pricing correctly.
The Offer Company takes full advantage of this critical period of conducting a mega open house, something you’re not likely to experience with other brokerages. Rather than accepting showings as soon as your listing is posted on the MLS, your agent will plan a mega open house by forcing other agents and their buyers to wait a few days until the mega open house date in order to get their first viewing of the property. Nothing builds excitement among buyers like anticipation for what they can’t quite have yet.
When the day of the mega open house arrives, traffic will be huge and buyers will feel the competitiveness in the air, which can oden result in a multiple offer situation for you, the homeowner. The mega open house is enhanced through giveaways and professional catering at the event, with the agent’s marketing expertise gaining the property thousands of views on the top home search sites before the open house even takes place.
That’s just one example of how agents with The Offer Company put their unique brand of experience and knowledge of the market to work for you. With a sign in the yard, a featured listing page in the local Multiple Listing Service, distribution across the Internet, The Offer Company’s mega open house, broker’s caravan, ads, email blasts and more, we will get your home the greatest flurry of atention and interest that others just can’t deliver.
But it isn’t enough for us to tell you what we are going to do. Here’s how The Offer Company’s formula for getting the highest possible price in the least amount of time has proven successful for homeowners we’ve worked with in the past:
2907 Derringer Way
Listed by The Offer Company, this property sold for 5.2% higher than the list price and closed 18% faster than the average sale. It garnered a five-star customer service review.
How did we sell 5% higher than list and close 18% faster?
The answer can be found in the agent’s ability to bring the homeowner 8 offers. That many offers means the homeowner now has the leverage to negotiate for a higher price. The key to all those offers was The Offer Company’s ability to hold a mega open house with 116 buyers attending.
How do we get 116 buyers at the open house?
Our expert knowledge of the market, unique marketing strategy and ability to promote your listing enables The Offer Company to claim the ultimate spotlight with buyers. Our listings draw buyer attention with professional photography, a virtual tour, and the promise of a cash giveaway and catered open house event.
These efforts combined resulted in 13,870 views of the home at 2907 E. Derringer Way:
Now that you understand our system, you have a better idea of why we said we are confident we can get your home sold in just a few weeks for $0. Other real estate agents will tell you what they will do for you. We’ve not only explained our process, but we’ve shown you a real-life example that illustrates how the process is put into action.
If you are ready to move forward with selling your home with The Offer Company, please select the “get started” button below.
Estimated sale price
Estimated sale price