· Size · Depreciation
Condition, of course, is a crucial factor in valuation. Location is also a factor; however, as property cannot change location, upgrades or improvements to a residential property often can enhance its value. A professional appraiser should be a qualified, disinterested specialist in real estate appraisals, with expertise in your region. His or her job is to determine an estimated value by inspecting the property, reviewing the initial purchase price, and weighing it against recent sales with the same purchase price.
COMPARATIVE MARKE TIVE MARKET ANALYSIS BY A LICENSED REAL ES ED REAL ESTATE PROFESSIONAL
This type of 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 taking into consideration. Current market will determine whether it is a good time to sell or buy, has the market dropped since time of purchase, will the area go thru gentrification in the near future and be worth more, buy low and sell during high time. By utilizing a licensed real estate agent, you can rely on proven expertise to market your home at the best listing price. I will be happy to provide you with a Comparative Market Analysis or comps in the area to best sell your home.
10
Powered by FlippingBook