What’s My Home Worth?
What’s My Home Worth - Determining the right price for your home
Our first response to this question in a Buyer’s Market is “not as much as you thought it was.” True, this may not be exactly what you wanted us to tell you, but the bottom line in this market is driving by supply and demand, just like any other market. When there is less demand than there is supply, prices naturally fall. Over the past few years, prices have been inflated and sellers have been tempted to list their homes on the market at a price that the market just cannot bear.
There are two ways to obtain a price opinion. The first 1) is the most obvious, and that to obtain the services of a licensed appraiser. Licensed appraisals are price opinions based on your property in comparison to others that have sold in your area. This will typically cost you somewhere in the neighborhood of $300.00+. Appraisals are typically ordered by whomever is making an offer on your home, so it’s not something you need to order to price your home properly.
Option number two is to enlist our help. We can provide you with what’s called a Broker Price Opinion or Comparative Market Analysis of homes in your area to determine the best possible price for your home.
Ultimately, the value of the home is determined at close of escrow by the final sales price and a CMA is only an estimate and opinion. We pride ourselves on pricing your home properly to ensure you are satisfied when you sell the most important asset you own.
If you’d like us to help you determine the right price for your home, let us know by filling out the form below.
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