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If you are thinking of selling your house and would like to know
the approximate value of your property
, we can send you information, with NO OBLIGATION, on comparable homes sold in your area. Once you decide to sell your house
and enlist our services, we can do a detailed comparitive market analysis (CMA) to establish the best price point for listing
your property.
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Buying or selling a house involves change and change is always
stressful. There are many reasons why people decide to move
and sell their homes or buy a new house. It is important for all parties involved to understand the motivators driving a
transaction. Without such an understanding, the likelihood of successfully closing on an offer is lessened.
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In
recent years, consumer oriented real estate websites have begun offering free electronic CMAs to prospective buyers and sellers
searching for information on the internet. It is important to remember that such CMAs are generated using an algorithm and
presented to the user without any human review and interpretation. The median error for estimated home values on such websites
can be as high as 10% (by their own admission). This means that values of 50% of homes in the search results are within 10%
of their actual market value and values of the remaining 50% of homes are off by more than 10% of their actual market value.
Lacking accuracy, such estimated values, in many instances, create wrong expectations in the minds of buyers and
sellers. In other words, based on the data from such consumer sites, buyers and sellers perceive property values to be higher
or lower than actual market values of homes in the selected neighborhoods.
In contrast to the above consumer websites,
National Association of Realtors website draws information from various multiple listing services used by realtors nationwide and provides actual and historical
data and leaves its interpretation to the user. Buyers and sellers can gather data from this website to get informed and then
retain the services of an organization like Laroia & Company to convert such data into knowledge.
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Boston . Brookline . Cambridge
. Newton . Somerville . Arlington
Phone: 617-817-0856
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