What is My Atlanta Home Worth?
We hear from condo, single family and Atlanta
luxury homeowners wanting to know a realistic price for which they can sell their home. Answering this question depends on a number of factors including: 1) What similar properties have sold in your neighborhood, 2) What did they sell for? 3) When did they sell? 4) How long can you work on selling your home?
In today's market 70% of homes that enter the market are overpriced. How can we tell. Because they sit on the market with few showings and no offers. When a home is put in "show ready" condition and priced to sell in the then current market, it will be shown constantly and sell within the first 45 - 60 days. However, many homeowners, despite their knowledge of the radical changes in the market, hold on to their previous view of what their Atlanta home is worth.
For more
information or assistance, contact Dillard
& Company at info@dillardandcompany.com
or call us at 404 895 2155.
WHAT IS A CMA and WHY DO I NEED ONE to DETERMINE WHAT MY ATLANTA HOME IS WORTH?
When buying or selling Atlanta Luxury Homes it is critical to have
your agent develop a Competitive Market Analysis. The recent
fluctuations in the Atlanta Luxury Homes market make it impossible to
understand what you should pay for a new luxury home or the price at
which you can successfully list your luxury home without a detailed
market analysis.
For instance, in the two Atlanta zip codes that
command the highest median price - 30327 and 30305, the following price
fluctuations have occurred in the past 2 years. In 30327, the Median Price hit its high in
July 2008 at 1.65million. Today the Median Price for 30327 is $1.25
million or a 24% drop. And in 30305, the Median Price hit its high in
October of 2007 at $900k and today stands at $700k, at 22% drop. With
price fluctuations this severe occurring in the past 24 months, a CMA
is a prerequisite before entering any real estate transaction. (Data from Altos Reseach, recognized by Wall Street Journal and Forbes for accurate tracking data) What is my Atlanta home worth?
CMA stands for "Comparative Market Analysis." A CMA is an excel spreadsheet prepared by your real estate consultant that provides objective pricing data comparing the features of your property to similar properties which are on the market, are pending sale, just sold, or listings that failed to sell. With the information requested below, we will prepare a complimentary CMA for your property. What is my Atlanta home worth?
For more
information or assistance, contact Dillard
& Company at info@dillardandcompany.com
or call us at 404 895 2155.
