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Sample Comparative Market Analysis (CMA)
Sample CMA
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Drawbacks of Overpricing
The first three weeks are when your home receives the most activity.
42% of homes receive offers the first month. The numbers decrease substantially moving forward.
The process is dragged out and begins to inconvenience the sellers with people coming through the home.
More competition in the Summer months.
You have less of a chance of multiple offers that drives the price up.
Interest rates are low now (still a semi-sellers market) but there is currently an abundance of selective buyers andt no guarantees for the future. Keep in mind real estate is cyclical.
Appraisal issues and first time buyers with low down payments are plentiful.
The longer it’s on the market people start to wonder “What’s wrong with it?” (Becomes Stale- Days On Market)
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