| As a homeowner, in a changing market it is important | | | | your home. |
| to know your home's value. The value of your home | | | | Who conducts Real Estate Market Analysis? |
| is dependent on many different factors, some in | | | | The best person to conduct a Market Analysis on |
| your control and some out of your control. Factors | | | | your home for you would be a licensed real estate |
| that are out of your control in determining the value | | | | agent who is familiar and lives in and or does business |
| of your home include supply and demand, market | | | | in your neighborhood. In order to produce an |
| conditions, interest rates, and the economy. Other | | | | effective market analysis the agent would need a |
| factors in which you have some control over include, | | | | tour of your home and know specific details of your |
| location, style, size, condition and amenities of your | | | | home. Some basic questions they will need to know |
| home. To determine the value of your home a | | | | include: |
| market analysis can be conducted. | | | | 1. Style of home (i.e., Ranch, Colonial etc) |
| What is a Real Estate Market Analysis? | | | | 2. Number of Bedrooms |
| A Real Estate Market Analysis is a report of current | | | | 3. Number of Kitchens / Eat in Kitchen |
| and past market activity comparing your home with | | | | 4. Number of Bathrooms |
| other similar homes in your area. The analysis enables | | | | 5. Dining Room |
| you to easily compare the features of your home | | | | 6. Living Room/Den/Family Room |
| with others and to determine the best pricing | | | | 7. Basement - Finished or Unfinished |
| strategy for the market. | | | | 8. Size of lot |
| Why get a Real Estate Market Analysis? | | | | Based off of the information on your home they will |
| A Market Analysis is a very handy tool to use in a | | | | assess your neighborhood and compare similar homes |
| number of different situations: | | | | in your neighborhood with houses currently on the |
| 1. Are you considering selling your home? | | | | market, recently sold or expired from the market. |
| 2. Have you invested or thinking of investing money | | | | Based off the information they will compute the best |
| in your home with expensive renovations and | | | | pricing strategy for your home. |
| improvements and want to know if the value of | | | | Most agents do not charge a fee for this service. |
| your home has increased or will increase to reflect | | | | They conduct the analysis as a courteous in hopes of |
| the changes? | | | | getting your listing in the event you choose to sell |
| 3. Have the changes in the real estate market made | | | | your home. If you own a home call a local real estate |
| you uneasy about the value of your home? | | | | agent and have a market analysis completed on your |
| If you answered yes to any of these questions then | | | | home today! |
| you should have a Market Analysis completed on | | | | |