Free Seller Consultation - Luis Cuevas Realtor® RE/MAX Cross Country

I offer a free consultation to property owners interested in knowing more about the market, property evaluation to ultimately determine where they stand in comparison to the market.  This is free, no gimmicks, no pressure, no sales pitch service I offer.  

With the heart of a teacher I set out to inform and educate property owners so that they can make an informed decision.  I carry this through my consultation as well when I inform property owners on where they stand.

Property Condition -  A walk through of the property is key, we must know the property features and condition.  Often I suggest repairs or general maintenance that I see come up on property inspection.  Also there are requirements for certain loans on property condition, so identifying these and addressing will help widen the potential buyer pool.

Upgrades & Projects - One of the most common questions I receive is whether an owner should make improvement A or B, both or neither.  While any improvement is a good thing I also take in to consideration the owner’s goals.  I have been asked to fix the sidewalk or kitchen countertops, fix the toilet or plant new flowers, address the broken gutters or plant a tree.  These all may seem easy but again it depends on the property, market and the owner’s goals.

Timing - Yes it is true, real estate sells differently at certain times of the year in comparison to others.  Summer tends to be hot with activity while the falls & winter tends to cool, but the reality is markets vary by neighborhood and city.  Let’s determine your goals and see what fits best for you.

Competition/Market - Let’s look at the competition, what do other homes have to offer compared to yours.  What is their condition?  What upgrades are the norm?  Let’s make plans to actually view those properties so we can compare with where the market is and plan accordingly.

CMA - I can create a Comparative Market Analysis on your home to determine what the market is doing in your particular area.  From this we will know how fast homes are selling, average price per square foot, seller concessions if any and general condition of the properties being sold.  This is the key to this consultation because it brings everything together in the market to show you where you stand in comparison.

Numbers - From the CMA you can start formulating your numbers, bottom line, closing costs, selling expenses, etc… so you can narrow down on what type of proceeds you look to walk away with.

Next Move - If you plan on selling your home then you need to go somewhere and I can help with that as well.  Let’s look at your goals, what are you looking for and then let’s go see what that market is like.  What does it cost?  What can you expect?  How is that market? 

As you can see that is a good amount of information and education I offer you for free.  No gimmicks and in a no pressure environment.  I offer this because I know people want to know where they stand and be clear on the data they are getting.  Too often websites offer this data but it isn’t tailor to you and with out the actual input of a professional.  I hope to be that professional for you!  

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

What is a CMA? - Luis Cuevas Realtor® RE/MAX Cross Country

A CMA is a Comparative Market Analysis used by real estate agents to help with deciding on a sales price for a property they will be listing or maybe come up with a reasonable offer on a property to purchase.

The CMA is used to figure out where the market is in comparison to the home being evaluated.  Let’s say you are buying and viewed a home you are interested in making an offer.  A CMA would serve as a way to check comparable sales data of similar properties to make an educated offer.  The same goes for a seller, it would be used to figure out where their property stands in regards to the market and determine an asking or listing price.

A CMA, Comparative Market Analysis, isn’t as simple as just plugging in some numbers and see what pops up, you really have to know what data your after and how to interpret it.  Let’s take a look at a few keys items when going through the data.

  1. Know your subject property - If your a seller know the data on your home such as square feet, number of rooms, amenities, year built, upgrades, etc.  It is important to be clear on your home as the subject, as this will be the base subject and will be compared to other similar properties.
  2. Find Comparable Properties - This is key to zeroing in on your goal of knowing where the home should be priced.  Comparable properties should be similar in size, construction type, near the subject, year built, number of stories, etc… the closer the better for comparison.
  3. Make Adjustments - Not all data will be exactly like the subject property, some adjustments will need to be made.  Maybe one house has one more half bath, extra garage, carport, covered patio or maybe is an exterior lot facing a busy street instead of an interior lot on a cul-de-sac.  A Realtor® can really prove to be valuable when it comes to interpreting this data.

At the end of the process you should have a good understanding of the the market, which is represented by similar homes that have sold.  This data should give you an idea of where the subject property stands in the market and therefor help when coming up with a sales price.

Now let’s be clear, this is not an alternative to an actual appraisal.  Notice the word “value” or “worth” was not used in the description, the reason is clear… Realtors® are not appraisers and can not determine “worth,” “value,” or “opinion of value.”  While a Realtor® will have the same access to the data as an appraiser, a Realtor® is not a licensed appraiser.  Keep this in mind because there are a ton of gimmicks out there leading you to believe that they can determine your properties value or worth, which is not allowed and they are not in a position to do this.  It would be like a cashier diagnosing you with a disease when in reality they are not a doctor.

A CMA, comparative market analysis, is a helpful tool I as a Realtor® use to help guide my clients to decide on a list price or what type of offer to make.  It is using real data, not estimates, but actual data from similar properties.  This is a tremendous tool I offer you so you are more in line with your pricing and in line with the market.  So next time you hear the acronym CMA thrown around you can know a little bit more about it.

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome