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Your Most Personal Investment
The most important thing to a seller is buyers. Obviously our "buyers" often become "sellers". We understand both sides of this issue, and our expertise with buyers naturally leads to an understanding of the complexity involved in marketing your home. When we assist with the marketing of your most personal investment, your home, we take into account numerous factors to be sure it is being presented properly.
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What is your Home's Value? |
Have you ever wondered why the market value of your home can be different from the value your bank appraises it at? And what value is being used to set and/or increase your property tax bill? It’s not difficult to be confused about the various assessments being used in the home buying and selling process, but knowing a home’s value or worth in the real estate market will help you get a fair price.
There are generally three ways to determine the value of a home:
1. Comparative Market Analysis
2. a professional appraisal
3. or an assessed valuation.
A Comparative Market Analysis, can determine a reasonable listing price for your home. In preparing the Analysis, we will consider a number of factors including the home’s size, age, location, acreage and amenities. We will also research the price of other homes currently for sale that have recently sold or expired in your area. We take all of these details into consideration before presenting you with the results of our work, and then take time to explain what this all means to YOU.
An appraiser (most frequently used by a lender)determines the market value of your home by also looking at similar properties in the area and comparing them with others that have recently sold and that are on the market. The appraiser is licensed and will charge a fee for their services. Lenders almost always require a professional appraisal upon which to base your loan amount.
Local governments also perform independent appraisals to determine your home’s assessed value, available on public record, so that your property is taxed fairly.
When you compare our Comparative Market Analysis and the appraised values of your home they may not match. The "market price" as determined by the CMA will consider the supply and demand for homes in your area. The sale price can be much different from the appraised value, especially if the demand is great and there are multiple offers on the home. Also, the real estate market is constantly changing. A home that was worth $150,000 last year may be worth considerably more this year and possibly more the year after. Meanwhile, all city and county property assessments are assigned an effective date, valid for that particular point in time. The more time that has passed since the appraisal, the greater the possibility for disparity in the values.
Please feel free to call us, without obligation, for a free Comparative Market Analysis of your home. You most likely know the value of your other investments. It’s probably a good time for knowing the value of your most personal investment, your home. |
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The correct selling price of a property is the highest price that the market will bear. Of course we provide all of our Buyers with informed and up to date market analyses so that they can make intelligent offers.
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Click here for more information
434-996-6613
Copyright ©2000-2008 BratGirlProductions, Inc. All website information and graphics are copyrighted as the sole property of BratGirl Productions Inc. Use or reproduction of the content requires written permission of the owner.
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