I have my network behind me

Who is the actual person or persons that determine the value of my home? Well, if you look at the way things have been over the past year it is like the Verizon Wireless commercial. With all the many people standing behind the cell phone guy.

With the many listings and continued short sales and foreclosures continuing, it will no doubt continue to be more than one person that will determine what to list your house on the market.

As a Realtor, I get many requests to do a Comparative Market Analysis or CMA. This requires me to look up the solds in the property area and run a scan of the homes that relate to yours IE: size, number of bedrooms, bathrooms etc. This would give me an idea of what the final price of the sales (market sales) would be in relation to what we would consider listing your home for.

If we were to list the home for a price that is higher than those like homes that have sold, we would be up against the mortgage companies and appraisers scrutinizing the results and how we came up with the price.

Imagine going into a McDonalds and looking on the menu only to see suggested prices. Can you then only give McDonalds the price for a hamburger from say Wendy’s? This is a lot like listing a home today. You do your best to determine the best price for the market, but then the appraiser may determine that the price is way off.

The need for a Realtor is never more a virtue than it is today. The study the market trends and know what to do if the price does not come in as expected. Can you in fact request a second appraisal?

So as you home buyers and home sellers gear up for the new market, remember, the network that is behind you….

Keller Williams Realty Boise Idaho

Your Keller Williams Realtor located in Boise Idaho, ready to represent your needs. Buyers Representation, Listing services and complete Idaho Relocation services for clients. Call or email with any questions you may have.

2009 Fall Camp Headquarters - Boise State

2009 Fall Camp Headquarters - Boise State

Shared via AddThis

First Time Home Buyers

Just a note to remind everyone that the first time home buyers $8,000.00 tax credit expires the end of 2009. With the closing times lengthening folks should consider making a move if you are on the fence.