Free Comparative Market Analysis:

Get you Free Competitive Market Analysis with no obligation to me or anyone else in my organization. We will tell you the market value of your property.  This analysis will address four criteria and be recent values in your area within the last 6 months.  The 4 Areas that will be addressed are Active Properties,  Pending Contracts, Sold Properties, and Expired Listings.

Active Properties are those properties that are currently on the market.  These properties are going to be your competition in the market place. They are the properties that buyers are looking at in order to determine their next purchase. Buyers will most likely look at these homes when they look at possibly purchasing your home. In the recent Myrtle Beach Real Estate Market, it is wise to have the lowest price home in any given neighborhood. The market has been named a "Buyer's Market" by several people and the average days on the market has proven that to me. The object when pricing your home is not to let that possible buyer go away.

Pending Contracts are the properties that have accepted offers. A willing buyer and a willing seller have agreed to price and terms. These are good properties to see where the activity is heading, but we can not find out what price and terms the parties agreed on until closing.  The price listed is the asking price at the time of the agreement, not the price and terms they agreed to. This protects the seller in the event the property does not close and the seller has to start marketing again.

Sold Properties are properties which have closed escrow, normally within the last 6 months. Six months is the generally agreed to term within which to look at the past. Appraisers generally do not look at properties that have closed prior when making their assessment of the current market appraisal of price.  If you price your home too much above these prices and you succeed in getting an offer at that price, the property may not appraise and the buyer will not be approved for his loan. You will have lost valuable marketing time etc.

EXpired Properties. These properties have failed to generate a satisfactory offer for the seller due to a poor marketing and promotion program or because of the price. In price are included condition, location, accessibility and several other features because price cures all of the above.

For your free Myrtle Beach Area CMA, please fill out the form below and in the comments sections, tell me a little about your home.