Each property is unique and it is important for us to view your home before giving you the current market value. We walk through your home, with you, giving you the opportunity to explain updates you have completed or unique information about your home. The amenities, location and condition are considered when we are researching information to price your home.
To come up with a price range for a home we complete detailed research to include:
- Similar homes that have closed within the last 6 months
- Pending homes in the subject area to let us know what prices are drawing in offers
- Active listings to see what the competition is
We find the most similar homes from our research and complete a market analysis similar to an appraiser. To determine value, we apply debits and credits based upon your home verses a comparable sold. For example, if a comparable sold is 200 square feet larger than your home, we must apply a debit (take away value), to make the home more similar to yours. We share our market analysis with you and feel it is a great tool to help prove your home value to buyer’s, other agents and appraisers.
Feel free to contact us if you would like a market analysis of your home.
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