• Improvements made • Comparable sales • Location — Lot location, community features, zoning, proximity to amenities. • Age of property • Size • Depreciation A professional appraiser should be a qualified, arm's length licensed real estate appraiser with expertise in your community. His or her job is to determine an estimated value by inspecting the property, reviewing the purchase price, and weighing it against recent similar sold properties in the same or similar community.
COMPARATIVE MARKE TIVE MARKET ANALYSIS BY A REAL ESTATE PROFESSIONAL
This home valuation, the Comparative Market Analysis (CMA), is offered for free by most real estate professionals. It's much more detailed and 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. A good real estate professional will also answer questions, and help you establish an asking price for your home. Along with an understanding of how the worth of a home is determined, the current market must be considered. By utilizing a professional real estate agent (like me), you can rely on proven expertise to market your home at the right listing price. I will be happy to provide you with a CMA. Please refer to the last page of this book if you would like more information on how to request a free home valuation.
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