How Much is Your Home Worth?

Figuring out how much your home is worth can take some time, but it is time well spent! Since price is often the first thing that potential buyers notice, you want to be sure that your price reflects your commitment to selling your home.

Begin by comparing your home to others on the market. We will provide you with a comparable market analysis (CMA) at no cost, which tells you several key things:

• Prices of recently sold homes that are similar to yours
• Prices of homes currently on the market that are similar to yours
• Differences between asking and selling prices for recently sold homes and the current condition of the market

We may invest in a professional appraisal to gather additional information.  An appraisal will tell us how much a financial institution will lend for a particular property – information that is vital to know because the buyer will have to come up with the difference between the lending number and the sale price.

Do your own research by going to open houses and by going online; an educated client is a good client.  Open houses can give you a good sense of what the market is like, while doing research online can provide you with a variety of data.  Use the average price-per-square-foot for homes in your neighborhood as a way of getting a rough estimate for the value of your home. 

Give current real estate market conditions their due in assessing your home’s value.  And be attuned to other potentially influential factors as well, such as the state of the local economy. 

Above all, stay detached and objective…  It’s hard to keep your emotions in check as you determine how much a buyer is realistically willing to pay for your home, but the end result – a home successfully sold – is worth it!

Fill out the form below to receieve a comparable market analysis (CMA) at no cost.