YOUR EBOOK TITLE THE NEW CMA: COMPETITIVE NOT COMPARATIVE
Now accounting for the other pricing factors you’ll of course look at, we look at the text boxes on the graph, specifically at the properties closest to us in size and price. Like I said earlier, we need to take extra details into effect or we could be wrong.
The property for sale at 1908 Seminole Dr, which is 3000 total square feet with 2603 finished square feet (FSF) is older built than ours, has a smaller garage, and has one less bedroom and bathroom. However, it is also newly renovated, where our home is upkept but not fully up to date. They also have a much larger lot. That house then listed at $775,000 is geared now to buyers specifically that want a home where everything is done already and want more land, where our home needs fixing up but is larger. These differences could put that home closer to being a coin flip for different buyers, but at this price we probably win most of those coin flips so we can keep that as a property we have advantage over. The property for sale at 5112 Redbud Cr, for $765,000, which has 4,250 total square feet and 2850 finished square feet, has one less bathroom, is built around the same time as us, has a similar condition of needing a few updates, but has poor flooring condition which they are offering a flooring credit of $15,000 for. With the larger price, larger size, and flooring credit for the issues, that probably is a true neutral.
So that leaves us in an advantage at $750,000. Now follow the guide from the Momentum aspect of the Pond, let’s look at the higher end of our competitive range.
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