Condition plays a big role; properties can’t change their location or their age, for example, but their value can be enhanced through upgrades and improvements. Be sure to hire a professional appraiser — someone who is qualified and experienced with expertise in your region. Current Market Appraisal: This home valuation is free from real estate agents, and often more useful than online tools. It will include detailed information on each property sold in your region over the last six or so months, including the asking price and the final sales price. Beware: these homes are your competition. But you can use this information as leverage. And it will help you and your agent price your home realistically. The current market must be considered when pricing your home. The best way to make sure you get this right is by hiring a qualified real estate agent, who can provide you with a Comparative Market Analysis (CMA). If you’ve never had a CMA done on your home before, or perhaps aren’t familiar with the term, a CMA is “an examination of the prices at which similar properties in the same area recently sold. Real estate agents perform a Comparative Market Analysis for their clients to help them determine a price to list when selling a home or a price to offer when buying a home” (Investopedia). I’m happy to provide you with a CMA for your home while you go through the process of downsizing.
YOU PLAY A BIG ROLE
You—yes, you — will play a major role in selling your home and pricing it accurately and realistically. You probably now realize that there is no calculable certainty in setting the value of a home. The amount can vary widely from the market value to the appraisal value to the assessed value —
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