Question
So after analyzing properties in the neighborhood before a listing appointment, you discover the following: AverageListing (properties available on the market)Price: $900,000 Average Pending Price
So after analyzing properties in the neighborhood before a listing appointment, you discover the following:
AverageListing (properties available on the market)Price: $900,000
Average Pending Price (listing prices of properties in escrow): $850,000
Average Sold Price (properties that have closed escrow within the last 45 days): $830,000
Knowing the seller will want to price their property at $900,000 since they want as much as then can obtain for their property; how would you present your CMA to the seller and where would you price the property?Please explain your reasoning to the seller.
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