HOME VALUATION

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WHAT IS A HOME VALUATION?

A Property Valuation Report is a common way of determining the value of a property through an opinion or the use of data that only a real estate agent has access to. There are a couple of ways a property is valued that are listed below.

PROPERTY OVERVIEW

Studies show that improvements such as renovated bathrooms or updated kitchens can increase the value of a property by 8.7%. Investing a few thousand dollars on the front end could help you not only sell your home quickly, but make out better than if you ignored the upgrade. Since a CMA will consider amenities such as full/half bathrooms, new appliances, size of the garage and note any additional upgrades, a comprehensive market analysis will shed light upon areas that can be improved.

 

MARKET ANALYSIS

We can provide the most accurate valuation using comparable homes that are sold and bought near the area because of our access to the MLS. We will present what is known as a Comparative Market Analysis to you. This comprehensive report includes active listings, pending listings, sold listings, and off- market data that can pin-point the highest price a home can be listed while still remaining competitive. Although not a formal appraisal, this report takes into account square footage, room size, property taxes, age of the home and favorable nuances of the home that a buyer cannot get elsewhere. We factor information such as nearby school districts and local amenities in order to come to a reasonable but profitable price for the seller.

 

PRICING EVALUATION

Every seller wishes to set a price that will make them the most money possible. Comparative Market Analyses can provide a realistic view of where the home should be priced, based upon the key data points reviewed. The last thing you want as a seller is to set the price too high, only to bring it down a few weeks later. By looking at realistic comparable properties, we can present a fair price that meets the current market demands, thus moving your home quickly through the purchasing process.

 

With all of the technology available these days, a comprehensive CMA pulled together by an experienced real estate agent can add significant value and insight to a homeowner.

Gina and Justin Budd | The Budd Group