
Checking off The List
Make sure you understand the basics as the buyer and the seller of a home.
ELDER TREE'S CRITERIA
Location: The location of a home is more than its school district. Location includes things such as a view of a lake compared to a view of a cell phone tower.
Type: Compare your house to a house - not a condo. Compare your condo to a condo - not a house.
Date of Sale: We will attempt to look at the most recent home sales to serve as comparable homes to yours. It's not nearly as valuable knowing the asking price for currently listed homes as it is to know what comparable homes have recently sold.
Size: Your comparable square footage should be similar to yours.
Neighborhood & School District: If at all possible your comparable should be within the same neighborhood and school district.
Number of Bedrooms & Baths: Try to compare homes with similar bedrooms and baths. There is some wiggle room here, but a home with three or even four more bedrooms than your house isn't a strong comparable.
Age & Style: Try to compare homes with similar styles and from the same age group.
Condition of Home: Is your house a fixer-upper in need of new paint, new flooring, a new roof and some yard work, etc?
Remodeling & Updates: Has your home undergone any recent improvements that would be desirable to a buyer?
Lot Size & Usability: You don't want to compare a significantly large lot to a modest lot.
WHAT IS A COMPARATIVE MARKET ANALYSIS (CMA)?
A Comparative Market Analysis is an evaluation of similar homes in an area - also known as comparables - to determine the value of a home.
Once we have some very important details we can begin creating a free, no-obligation, customized, and detailed comparative market analysis prepared especially for you.
ELDER TREE REALTY WILL PROVIDE TO YOU:
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How much homes similar to yours have sold for recently.
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How long these homes were on the market before they sold.
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What your "competition" would be should you decide to put your home on the market right away.
DETAILED BUYER CHECKLIST
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Review your finances and set a budget.
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Get mortgage pre-approval
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Research neighborhoods and schools.
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Create a must-have vs nice-to-have list.
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Tour homes with your Elder Tree Realty agent.
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Make an offer based on comparable sales.
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Schedule inspections and appraisals.
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Finalize loan approval and prepare for clothing.
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Conduct a final walk-through before closing.
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Celebrate your new home!
Barry was with us at every step of the process, from open houses to signing our closing documents. He went out of his way to make sure the process was simple and explained things in laymen's terms as first-time buyers.
Linzi O.- Hurst, Tx
DETAILED SELLER CHECKLIST
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Assess future housing needs (downsizing, relocation, retirement living).
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Declutter and donate unneeded belongings.
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Make small repairs and cosmetic updates increase value.
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Consult with your Elder Tree SRES® agent for transition planning.
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Stage the home to highlight comfort and accessibility.
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Review offers and understand financial implications.
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Plan moving logistics and family support needs.
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Transition smoothly into your next chapter.
Guiding Families Home From Generation to Generation.
I referred my close friends to Barry to sell their home as they were moving to Oregon. He sold it and took really great care of them. They were over the top pleased with his service and professionalism.
Mark S. - Colleyville, Tx
