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 MARKET ANALYSIS (CMA) BY A REAL ESTATE PROFESSIONAL
This type of home valuation predition is free from real estate professionals and more accurate than automated online reports so long as the professional is familiar with the geographic area. A CMA provides detailed information on each house sold in your area over the last six-12 months, along with the final sale price, after calculated adjustments. It may also include the specifics of the houses for sale in your area, including the asking price, and properties that are under agreement awaiting the sale's closure. These homes are your competition. The real estate professional's prediction may also take into account your detailed knowledge of your properties improvements or amenities and the professional is able answer questions as to how the other's compare or don't compare in order to help you price your home realistically. 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, 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.
THE SECOND STEP (SELLING YOUR HOME FOR MORE)
Prior discussion showed that there is no calculable certainty in setting the value of a home. There can be wide differences between
10
Powered by FlippingBook