Comparative Market Analysis

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Determining Your Home's Price

Comparative Market Analysis (CMA)

The probability of receiving an acceptable offer on your property and completing a sale diminishes significantly when your asking price is higher than the current market value. To keep your asking price within the current market value range, we analyze all the factors that affect your property's value in today's real estate market. The factors include:

Your property and its strongest selling points:
       -Location
       -Condition of property
         -Size of home
       -Size of homesite
Buyer demand
Seller motivation
Financing availability and interest rates
The comparables - recent selling prices of comparable homes in your neighborhood
The competition - the asking prices of other homes for sale in your area
The expired listings - homes offered for sale that did not sell

The asking price of your property should be based on the information the marketplace provides and your comfort level. After searching all factors involved, your Prudential Serls Prime Properties real estate professional will suggest the price range that will be competitive and spark maximum buyer activity. With this information, you can make an informed decision about your asking price.

What Factors Influence the Pricing of Your Home?

The real estate market is constantly fluctuating, so pricing is not an exact science. Rather, it's a reasonable figure derived from a number of different components, such as:

The status of the current real estate market
The expertise and market knowledge of your real estate representative
Hard facts such as lot size, square footage and condition of your home
Desirability factors, including location, special amenities and property attributes
Selling and listing prices of comparable homes
A thorough real estate marketing plan
Your level of motivation

It's important to note that the following conditions do not affect your home's price:

The profit you wish to make from the sale
The amount of money you've spent on improvements
What other sources, such as friends and appraisers, have told you it's worth
What you originally paid for the home

Request a CMA


Selling Your Home?
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Specializing in Hudson Valley NY Real Estate and Homes for Sale

Prudential Serls Prime Properties is a leading real estate broker with homes for sale throughout the Hudson Valley NY, with offices in Dutchess and Orange counties, serving Dutchess, Orange, Putnam, Westchester, Ulster, Columbia, Rockland and Sullivan counties. Prudential Serls Prime Properties is ranked the number one real estate brokerage firm in Dutchess County. More than 250 licensed real estate brokers work to sell homes and find homes throughout the Hudson Valley resulting in the highest volume of real estate sales dollars in Dutchess County. All Prudential Serls Prime Properties residential properties and commercial properties for sale can be viewed on prudentialserls.com and our real estate agents are available to show every residential and commercial property listed on MLS. Contact a Prudential Serls Prime Properties real estate salesperson today.

© 2011 Prudential Financial, Inc. and its related entities. An independently owned and operated broker member of Prudential Real Estate Affiliates, Inc., A Prudential Financial company. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license, Equal Housing Opportunity.