• comparable sales • location—type of neighborhood, zoning areas, proximity to other establishments • age of property • size • depreciation Condition, of course, is a crucial factor in valuation. Location is also a factor, but as property can’t change location, it’s often upgrades or improvements to a residential property that can enhance its value. A professional appraiser should be a qualified, disinterested specialist in real estate appraisals with expertise in your region. Their job is to determine an estimated value by examining the property, looking at the original purchase price, and comparing it with recent sales of similar properties. The fee for this service is usually between $300 and $500.
CURRENT MARKET ANALYSIS BY A REAL ESTATE PROFESSIONAL
This home valuation is free from real estate professionals and more helpful than automated online offerings. It provides detailed information on each house sold in your area over the last six months, along with the final sale price. It also includes the specifics of all the houses for sale in your area, including the asking price. These homes are your competition. The real estate professional will also answer any questions and help you price your home realistically. Along with an understanding of how the worth of a home is determined, the current market must be considered. By using a professional real estate agent, you can rely on proven expertise to market your home at the best listing price. I’ll be happy to provide
69
Powered by FlippingBook