Thinking About Selling Your Home?
Download the guide for a step-by-step look at the process and get essential tips for selling your home in Nashville's hot seller's market.
Attracting the highest possible value for your home requires proper preparation, effective marketing and an expert knowledge of local market conditions. Keep reading to learn more about how to navigate the process and ensure your experience is as positive as it is successful.
The Nashville Housing Market
The Nashville housing market is hot! In fact, Nashville is predicted to be one of the top five housing markets in the country this year. Healthy demand, limited inventory and historically low interest rates will make this year an ideal time for selling a home in the Nashville area.
It also means that the market is fast-paced and maximizing the value of your sale in this unique seller's market requires careful planning and an effective strategy. Working with a local real estate expert that can provide insight into the most effective approach is critical, or you could miss out on achieving the best outcome on your sale.
Where do I start?
If you're thinking about selling your home, the first step is to understand what the market is willing to pay so you can determine the right list price. The best way to understand your home's value is to get a Comparative Market Analysis (CMA) from a local expert.
The Nashville area market has changed... a lot! Rapid growth and low inventory make it more important than ever to understand the true potential of your sale price.
As Nashville area experts, we can provide an estimate that considers what the market is really willing to pay for you home. This could mean selling your home faster and for a higher price.
Why is a professional CMA better than an instant valuation?
Instant home valuations often only look at historical data for comparable sold properties. While this is an important part of understanding your home's value, the numbers don't always tell the whole story.
In a market as fast-paced as Nashville's, home values can change quickly. In many cases, this means that historical data may indicate a value that is substantially less than what the market may be willing to pay.
Getting a professional CMA from an area expert provides a much more thorough analysis based on factors that instant valuations simply can't identify.
What is a CMA?
A Comparative Market Analysis (CMA) is an estimate of a home's value based on recently sold, similar properties in the immediate area. A proper CMA considers the location, age, size, construction, style, condition and other factors about the home, as well as current market conditions.
Why should I get a CMA?
Understanding the real value of your home is critical when deciding the best time to sell and you asking price. Your home's value may fluctuate rapidly in a competitive market, so it's important to get an accurate valuation from a real estate professional that knows the local market.
How accurate are instant valuations?
The ugly truth is that instant valuations are notoriously inaccurate and often fail to tell the whole story. For instance, an instant valuation may not accurately reflect the effects of current housing market conditions or a competitive climate.
Why is a professional CMA better?
As local experts, we can provide an estimate that considers what the market is really willing to pay for you home. We can also formulate a strategic plan for listing and marketing your home. This could mean selling your home fast and for a higher price.
How can the list price affect my sale?
If the list price is too high, your home may accrue more days on market and ultimately result in a lower sale price. Alternatively, a list price that is too low could cost you thousands in return potential.
How do instant valuations work?
An instant home value estimate is based on sales price data gathered from public records. It cannot replace an actual comparable market analysis from a licensed real estate professional.