How much is my home worth? This is a question that REALTORS® answer all of the time. REALTORS® are not appraisers, however, we can provide you with data for comparable houses that have recently sold in the area.
Housing prices vary depending on local market conditions including the number of homes currently on the market, prices of recently sold homes, number of foreclosed homes on the market, and many other factors. Bottom line, no matter how beautiful your home may be, your home will be compared to other homes for sale in the market at any given time to determine its value.
To properly understand the value of your home and the potential price for a home sale, you will want to examine the record of home sales in your neighborhood over the past several months. It may sound daunting but as your REALTOR ®, we are here to help and can provide you with a Comparative Market Analysis (CMA).
The CMA will provide data regarding recent home sales (size, price, and the number of days on the market) as well as information about homes that have not yet sold. It allows you to view trends and other critical information that can be beneficial as you determine the value of your home and set a competitive price.
If you would like a no-cost, no-hassle, no-obligation analysis of your home’s value contact Ron or Curtis.