CAN I PAY TOO MUCH FOR A HOUSE?  In most cases, “no.”

One of the biggest concerns homebuyers express is the fear of paying too much for a house. While a homebuyer may pay more than they had expected or hoped, the reality is you really can't overpay for a home.

I will provide you with a Competitive Market Analysis (CMA) that charts the sales price of comparable homes for you to consider when preparing your offer. Then, when you apply for a mortgage, the lender will have a professional real estate appraiser determine if the home is priced fairly. If for some reason the appraisal shows that the house was not priced fairly, the mortgage lender would reject the loan to keep you from overpaying.

To learn more about how I can assist you in your home buying needs, please feel free to contact me.


Competitive Market Analysis (CMA)


For both homebuyers and sellers alike, determining the fair market value of a property is a necessary step when deciding on an initial offer or asking price. Listing a home too high can lengthen the time a home sits on the market, while making an offer considerably lower than asking price can hurt a buyer's credibility with the seller.

I will conduct a Competitive Market Analysis (CMA) of a property to give a free estimate of the fair market value. The analysis will provide information about recent sales of similarly styled houses in the immediate area, including how much they sold for and how long it took the properties to sell. The analysis will also include those comparable properties that are actively on the market.

Feel free to contact me if you would like additional information on fair market value or Competitive Market Analysis.

 

 
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If you've found this useful, please consider me for your REALTOR®.
Contact me or add me to your Address Book today.

 


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