What is a market analysis and how can it help buyers and sellers?
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What is a market analysis?
A market analysis is a collection of data that helps us determine how to price a seller’s home when they go to sell. For buyers, it will help us show what has sold in a home’s area in the past, allowing us to know what kind of offer they should make to the seller.
These analyses are simply comparisons to all homes that are on the market, pending, and, most importantly, homes that have sold in the past 30 to 90 days in one’s immediate area.
It’s important to know what’s happening in your neighborhood. A market analysis allows us to do just that. If you have questions about your home’s value, feel free to reach out to me. I’d be happy to give you a market analysis and educate you on what’s going on in your neighborhood.