What are Comparables?
You want to get the highest price possible for your home. This will require an informed pricing strategy on your part. By careful comparison with other homes (comparables), we can advise you as to your home's highest realistic price. An underpriced home is an unwarranted financial loss, while an overpriced home soon loses its luster, making it difficult to obtain the highest market price.
Successfully Sold!
To set a successful pricing strategy, it is best to carefully consider the properties that have actually sold. These represent what qualified buyers will actually pay for a home similar to yours.
Under Contract
These are properties which have current offers pending. They give a good indication of the prices that will induce serious buyers to make an offer.
Active Competition
It is a good idea to check out actively listed properties that buyers will be predisposed to look at during the same time they're evaluating your home. Since no buyer has yet purchased or offered to purchase these homes, their true market value has not yet been established.
Failed to Sell
Houses that did not sell or were withdrawn from the active market are important to our analysis because they suggest what potential buyers won't pay. These often represent "fantasy" pricing on the part of the sellers.