Monday, February 2, 2015

Do You Know What an Absorption Rate Is?



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People often ask me whether or not they need an appraiser to come out and look at their property. At the end of the day it's completely up to you to decide if you want that or not. It will cost around $300-$500 to have an appraisal done on your property here in Jonesboro.

If you don't want an appraisal, we can do something very similar for you by doing a comparative market analysis, or a CMA. However, we do something a little different than a CMA - we can find the absorption rate for your property.

With an absorption rate we take a look at the competition around your property, and this gives us a good idea of how many homes you'll be competing with in the Jonesboro market. The main reason for finding the absorption rate is so we can tell if your home will sell quickly or not based on current market conditions.  

If you are thinking about selling your home in Jonesboro, please get into contact with us via phone or email. We would be honored to assist you in selling your home.