| Currently in Las Vegas, properly priced homes are selling within .5% of the listed price on an average. Properly priced homes often command full asking price
and our market is so active that many homes are even selling above list price! The important thing is to get the buyer through your front door. You can't sell your home if nobody sees it. Selling agents will decide what the buyer is going to see based on what they pull from the multiple listing service. If you price your home too high the agent may decide you are an unreasonable seller and never even show your home to the prospective buyer. Price it right and it will be shown, and if the buyer really likes it, he will pay what is asked. Informed buyers will demand a market analysis from their Realtor, and they will be able to see that you have already priced your home to market conditions. (see determining your home's value) A comparative market analysis (CMA) is a record of what the buying public has been willing to pay in the past few months for a similar home in your neighborhood. A CMA differs from a formal appraisal. An appraisal is a report which is based only on past sales in the last six months. It is usually prepared on behalf of a mortgage lender who is loaning money on the property to a buyer. A CMA is a more comprehensive report which includes additional data on homes which are currently on the market, those that are pending sale (under contract), and those which failed to sell within the last six months. Unless you have a truly unique property or there is a difference of opinion on value among co-owners, a market analysis is usually enough to set a proper listing price. (Never say asking price - this implies that you will accept less than the listed price). Order your free market analysis! Please fill out the short form below with some basic information and we will be glad to email a free CMA based on general neighborhood statistics. If you'd like a more in-depth analysis done, please give us a call and we will gladly go through your home with you for a more accurate assessment! ( ** denotes required field)
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