Bonnie Erickson
Bonnie Erickson, REALTOR, in St.Paul, Minnesota

Excellence with a Smile
   

FREE Comparative Market Analysis for Minneapolis, St. Paul Sellers

 

 

What is My Home Worth?


Pricing a home for sale is probably the most important marketing decision sellers will make.  It is the sellers' desire to get a high price for their house.  Buyers, on the other hand, want to pay the lowest amount they can for a home.  The key to pricing a house for sale is to find the area where the sellers' price overlaps with the amount a qualified buyer is willing to pay. 

A Comparative Market Analysis prepared by a real estate agent will show two things:

  • prices of similar houses recently sold in your neighborhood.  This shows what buyers have been willing to pay historically. 
  • houses currently listed for sale which are competing for the same buyers as your home.

Using the market analysis as a base, you and your Realtor® can discuss how market trends, neighborhood, and condition of your home can impact the price reflected in the market analysis of your home.  Choosing a price close to the market value that reflects the condition of your home usually produces a faster sale.

For a free on-line market analysis with no strings attached, simply enter your criteria below.  The more accurate the information given, the more accurate the evaluation.  All information you provide is secure and will be kept strictly confidential.

For a more accurate and detailed Comparative Market Analysis, I would be more than happy to assess your home in person.  If you desire this more personalized service, contact me today!

 

   
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The Market's Impact on Selling Your Home


Timing is everything in the real estate market.  In the early 2000's, a seller could ask almost any price for their home and get it!.  There were more buyers in the market than there were listings which created intense competition for each house purchase.  Selling was fast and easy in the recent sellers' market.  Even unrepresented sellers successfully sold their homes "For Sale By Owner" or "FSBO"! 

Today's market is flooded with listings giving buyers the advantage.  Recent statistics show a housing inventory that would take 4.7 months to sell!  As a result, selling a home takes longer and prices are not as inflated as they were in the recent sellers' market.  In today's buyers' market, preparing the house for sale and careful pricing is even more important than before.  As a professional Realtor®, I can assist you in presenting your home in its best light.  For more information, contact Bonnie today.

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