• 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 o ft en upgrades or improvements to a residential property that can enhance its value. A professional appraiser should be a qua lifi ed, disinterested specialist in real estate appraisals with expertise in your region. Th eir 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. Th e fee for this service is usually between $300 and $500.
CURRENT MARKET APPRAISAL BY A REAL ESTATE PROFESSIONAL
Th is home valuation is free from real estate professionals and more helpful than automated online o ff erings. It provides detailed information on each house sold in your area over the last six months, along with the fin al sale price. It also includes the spe cifi cs of all the houses for sale in your area, including the asking price. Th ese homes are your competition. Th e 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 has to be considered. By utilizing 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 you with a Current Market Analysis (CMA). See the last page of this book if you would like more information on how to request a free home valuation. EXAMPLE OF DIFFERING HOME VALUATIONS: 14
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