What Do Selling Price, Fair Market Price, and Out of Market Price Mean?
In CASAFARI, understanding the difference between Selling Price, Fair Market Price, and Out of Market Price is key to evaluating whether a property is priced appropriately in the current market.
🔐 Step 1: Log in to Your CASAFARI Account
- Go to www.casafari.com.
- Click Log in and enter your credentials.
🏠 Step 2: Open the Property Page or Valuation Tool
- Use Property Sourcing or the Valuation Tool to find the property you want to analyse.
- Click the listing or open the valuation panel.
📊 Step 3: Understand the Price Ranges
You will find three price categories calculated based on market data:
📌 Fair Market Price
- This is calculated by multiplying the average price per m² of the selected comparables by the total area of the property.
- It represents the most realistic market value based on similar listings.
📉 Selling Price Range
- This is a range around the fair market price, usually 7% below the fair market price.
- Properties priced within this band are generally considered to be aligned with the market.
🚫 Out of Market Price
- If a property's price is above 7% higher than the fair market price, it is considered out of market.
- This could mean it's overpriced relative to comparable listings.
💡 Tip:
Use these indicators to guide pricing decisions or provide a transparent explanation to clients about where their property stands in the current market.
📩 Need Help?
If you’d like help interpreting these values or adjusting your comparables, contact our support team at: support@casafari.com