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Find Your Home Value – What To Look For
Finding out your home value can be done in a variety of ways and I always suggest reading the fine print on any site that you are using prior to consulting your Real Estate Professional. Most are an estimate and may be looking at an overview of your city vs. honing in on your neighborhood sales. Your home is only worth what a qualified buyer is willing to pay at the time it’s on the market. The real estate market fluctuates based on interest rates, supply and demand, general economic conditions, and other factors. Your house may sell for more or less under different circumstances in a different economy. Your Real Estate Professional will have access to much of this data through the Multiple Listing Service and can go into detail with you during a consultation prior to listing your home or during the listing appointment itself.
Things To Consider When Setting The Listing Price!
It is also a good idea to go with your real estate agent to view some of the homes available for sale, attend an open house or two to help you make an impartial assessment of how the homes compare to yours in terms of size, condition, upgrades, and location. Your Realtor can be instrumental in helping you analyze the data and develop the list price. Let the agent’s experience help guide you and remember, the final decision on the listing price is your choice to make.
A Realtor Help You Find Your Home Value?
To help determine your home value, Realtors also review with you a comparative market analysis, commonly known as a CMA. This provides you information on recent sales of like homes in your neighborhood and city. With the CMA, you can also review the current homes listed for sale that are near you so you can see where you would be placed in the market at your chosen purchase price. After seeing some of them in person and feeling what a buyer would feel, the ability to review the CMA and translate that in to desirable numbers makes the CMA a valuable tool. It helps you step into the buyer’s shoes and allows you to assess what buyers are willing to pay for a similar home. To schedule a consultation fill out the form below and our real estate professional will contact you.