WHAT IS MARKET ANALYSIS?

Market analysis is the process of determining the correct selling price of a home based on the highest price that the market is willing to bear.

To help you determine the correct purchase price for a property, we have provided you with a comprehensive comparative analysis of similar properties that have recently been offered for sale in the neighborhood. This analysis has been specifically prepared for you and is based strictly on homes that can be considered comparable to the one you are interested in.

The comparative property analysis is divided into three categories: similar properties that are currently listed, similar properties that have recently sold, and similar properties that were listed but failed to sell. By carefully studying the locations, features, and terms of the comparable properties, we can develop a clear picture of the potential market for any given property.

Looking at similar properties that have recently sold can provide valuable information on what buyers have paid in the last few months. This is the standard used by lending institutions to determine their maximum loan amount for a buyer. While we want you to receive top market value for the property, there is a point where the price may be too high.

By analyzing homes that did not sell, we can accurately determine the best price for the property.