Tuesday, February 12, 2008

Market Analysis

A couple of weeks ago when I wrote about School systems and how we can help you navigate in finding out about the pros and cons of each school or school district I mentioned a "current Market Analysis". You may have seen this term in advertising that agents do such as "Call us for a FREE Market Analysis of your property". So you ask, what is that analysis anyway?

A current Market Analysis or "a Market" as the Pros would term it, is when a Realtor would come view your property, do research and then give you-the home owner a report of the current market value.

When we do a Market Analysis, we typically would do that in two stages. The first stage would be coming to the property and comparing it to any data (previous listings, tax records etc.) that we have access to. At that point we would find out about any improvements that the current owner has done to the property and what their favorite aspects of the property are. We would also take a tour and many time measurements of the home. We then would take that information, do research on the curent market and then report back to the home owner what the current market value of your home is or what we think it is.

If you or someone you know would like a Market Analysis done on their current property please let us know. It is ALWAYS good to have an idea of what your home is worth even if you plan on staying in the property for many more years. We would like to be not only the Realtor that you would call on if you would like to buy or sell a property but call us when you just want to have an idea of the market value of your home.

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