Home Value
Your Home’s Value
If you are getting ready to sell a home, it’s important to begin with a strategy which results in a quick and smooth sale for top market value. Determining the current market value of real estate is partly research and partly experience. We have been guiding clients in every market condition and providing a comprehensive “appraisal-like” analysis that has always been appreciated by clients for its information and accuracy. It is critical that sellers remember that buyers set the market value with the amount of money they are willing or unwilling to pay for a type of property. It is the job of the Broker and the seller to correctly determine the top dollar the subject property will bring, within a reasonable period of time. To do this, we will rely on recent sales, current appraisal criterion that will apply to the buyer’s new loan, and other factors like current competition, market trends, mortgage rates and market absorption data.
We all know that the real estate market is constantly fluctuating, and the value of your home depends on a lot of different factors. No two properties are exactly alike, and everything from size and location to the time of year can impact the way your house is valued by prospective buyers.
Some Statistics that are taken into account to determine the value of your home are:
- How much other homes comparable to yours have sold for in recent months
- The length of time it takes the average home to sell in your market
- Other homes in the area that are your “competition”
- What you can reasonably expect to net when selling your home
- Additional steps that might enhance the selling process, such as staging and repairs and improvements
If a buyer for your property is out there, we will find him quickly. Selling a home doesn’t have to be stressful. When you choose the right partners and make sure that research and strategy play a role in all the decisions you make, you might be surprised how easy it is to get that SOLD sign up in your front yard.
