Selling Your Colorado Home
The Comparative Market Analysis
PURPOSE: To determine the Market Value of a given parcel of real estate
WHAT IS MARKET VALUE?
The highest price in terms of money a property will bring given that:- It is exposed for a REASONABLE TIME on the OPEN MARKET.
- Purchaser has KNOWLEDGE OF COMPARABLE PROPERTIES on the market.
- Purchaser buys with the KNOWLEDGE OF ALL USES to which the property is adapted.
- The property is capable of meeting the FINANCIAL CRITERIA set forth by the local lending agencies.
HOW IS MARKET VALUE DETERMINED?
There are numerous factors which affect the market value of a property:
- Location
- Exceptional appeal
- Style
- Exciting extras/inclusions
- Special financing
- Area market conditions/competition
- Time allotted for a successful sale
- Property condition
RE/MAX Alliance, Inc. accepts no expressed or implied liability due to the contents of this report. Although facts have been obtained from sources deemed reliable and are believed to be correct, no liability is assumed by its author. Any unauthorized use of this report, or any part hereof, without the prior written permission of its author, is expressly prohibited.
Top