Pricing is a valuable service that a Professional Real Estate Agent provides to you.
The market ultimately determines what your home is worth, and it is the real estate agent’s job to do a CMA and discuss it with you.
There are three types of markets:
- Buyer's markets. More homes on the market than buyers. The sellers are to compete with each other over the limited number of buyers. This type of market may slightly push the price down slightly.
- Seller's market. There are more buyers out there than houses on the market. The buyers are to compete with each other over the limited number of houses on the market. This type of market may slightly push the price up.
- Balanced market, Houses and buyers on the market are almost equal.
A Professional Real Estate Agent would be more than happy to provide you with Comparative Market Analysis to determine the condition of the market.
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