There are several ways to arrive at an answer to this question. For example, your home may be valued based on its replacement cost, or on its economic value (income approach), or on its current market value. Or on some combination of these methods.
Our focus is to present you with our opinion of your home’s current realistic market value. For us to assist you in choosing the price at which you want to offer your home in this market, we consider similar properties being currently marketed in our area, as well as those which have recently been sold. We compare these properties to yours based on the raw statistics (number of bedrooms, bathrooms, lot size, etc.), as well as other features and amenities; then we blend this information with our experience in the local market. The resulting opinion of value is called a “comparative market analysis” (CMA), as opposed to a historical appraisal performed by a licensed appraiser.
We provide you with this Comparative Market Analysis at no cost to you, and with no obligation so you can determine (at your sole discretion) the best price you want to ask for your home.
Call us today for your Comparative Market Analysis!