December 2018 Real Estate News

TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL

Are you buying a home in any of these communities? Check out this Market Tracker.

In this month’s December 2018 Real Estate News, learn 4 tips for sticking to your budget this holiday and how to assemble a holiday cheeseboard. Plus, discover DIY Architectural details on the cheap and why first-time buyers are seeing opportunities in the market even though sales are down. All of this and more in the December 2018 Real Estate News.

Ready to List Your Home for Sale? Start with the Right Price

If your home is underpriced, it will sell quickly, but that’s not something to brag about if you leave money on the table. If your home is priced too high, it will sit on the market for too long and buyers will lose interest. So what’s the right price for your home? The key to correct pricing is through a Comparative Market Analysis (CMA).

First, a professional real estate agent will gather information about your home. Then, they’ll select comparable recently sold properties (comps) for comparison. The major concerns when selecting comps are:

The comparable homes have sold recently, so prices are up-to-date in a rapidly moving market.
The properties are similar to the home being valued—the same number of bedrooms and baths, similar square footage, and around the same age.
The comps are in the same neighborhood, nearby, or in a very similar neighborhood.

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Thank You and Have a Great Day

Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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