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How can I do a market comparison?

I would like to know a range the property could be sold for before I do a complete appraisal and decide if I should sell or not.
Asked By Jailene O. | San Juan, PR | 777 views | Marketing | 3 years ago
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Lisa and Greg Harris

eXp Realty, LLC

(42)

Talk to a local REALTOR with knowledge of your area and have them view the home in person to give you the best idea of the market trends based on the condition of your home. The online evaluators are only as good as the knowledge it has of your particular home... They do not walk through it and factor in the details of the home to see the true value. There are many factors that go into this and keep in mind an appraiser will only look at the last 6 months in most cases and they do not look at the current active homes on the market. Both of these come into the factor of what your home will sell for in a current market.
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12 Answers
Melissa Key

Woodland Realty, Inc.

(64)

Unless you are a licensed Agent or Broker you should not try to do a market analysis. You likely will make many mistakes that could be costly. Call a good Realtor to help you. This is very often a free service as well!
Margo Christophilis

Keller Willaims GSRE

(138)

Good morning, Give me your address and email and I will do one for you. [email protected]
James Leonard

My Home Group Real Estate

(34)

Hi Jailene, Your best bet for an accurate Market Comparison would be to contact a local Realtor® and ask them to do one for you. It is free and the agent can get you pretty close to what your house would sell for. Pick an agent with good reviews. Call them on the phone, and leave a message if they don't answer.
Theresa Thompson

Douglas Elliman

(68)

Hi Jailene, When considering selling your home, I like to suggest you act as a "buyer". Search homes for sale similar to yours. Go to open houses and compare your home to others on the market. Most importantly, research local realtors. Find the realtors offering the most professional marketing with the best online review. Choose one or two who can provide you with a complimentary Comparable Market Analysis (CMA). You are under no obligation to list and will have a comprehensive snapshot of valuation.

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