2. Professional Appraisal A real estate appraisal provides an objective valuation based on: • Property type (e.g., single-story, multi-level, factory- built) • Structural materials and design • Improvements made • Comparable home sales • Neighborhood and zoning • Property age and size • General condition and depreciation A professional appraisal typically costs between $600 and $900 but provides a reliable estimate for pricing and mortgage lending purposes.
3. Current Market Analysis by a Real Estate Professional
Real estate agents offer free market analyses using recent sales data, current listings, and professional insights. This method provides a more accurate estimate than online tools and helps in setting a competitive listing price.
Condition and Market Trends Matter
While location is fixed, property upgrades and maintenance significantly impact value. A well-maintained home with modern updates can command a higher price. Market trends—such as buyer demand and local economic conditions—also influence pricing.
Get a Professional Opinion
For a precise valuation and effective marketing strategy, consulting a qualified real estate professional is recommended. If you would like a Current Market Analysis, refer to the last page 23
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