Selling Your Home: Seller’s Series Part 4 of 12

Market Evaluation

Thinking of selling your home?! Our team is breaking down the selling process from point A to Point Z. Our team has split up the home selling process into 12 equally important sections in order to really explain each process.

By breaking it down for you, they are more digestible and we can dive in a little bit more into the detail things to consider. Our goal is that this series will allow you as a home owner have the knowledge to make a more sound decision and set proper expectations and when moving forward in selling your home. 

Part 4: Your Home Market Evaluation

The next step in the selling process is a professional market evaluation on your home to learn your current home value based on information gathered during the seller consultation.

Step number four is market evaluation. We know from the seller consultation what the seller situation is now it's very important that the agents evaluate and share with you the markets, what is going on in the market, because that will help dictate where you're going to position your home and what strategy you're going to use to sell your home. Is it a buyer's market? Is a seller's market? Is it more of an even market? Each price point is going to have a different nuance. Same thing with a different area. It's going to have different absorption rate, which is how fast the market is absorbing new listings. A market evaluation is critical, and that's something that a competent real estate agent should be able to share with you with stats and current accurate information of what is going on, not only national, but more importantly is locally right? What is the demand in regards to the area, in regards to the price point, what your home has to offer in regards to size, bedrooms, features and whatnot. So that is very important to kind of figure out what the landscape, what the playing field looks like at the moment in order for you to see where you need to position yourself.