Dec
4
How Much Is My Home Worth?
Posted by columbusrealestatenews under For Sellers, General Information
Quickly Find Out What It’s Really Worth, by Email, for Free
It is important to regularly determine your home’s value. Even if you are not interested in selling your home, having a Comparative Market Analysis, or CMA performed on your property can help guide you in determining if the county assessment, the basis for your property taxes is accurate (click here for a guide on disputing your property tax assessment). This information can also be used to determine if you are carrying the proper amount of homeowner’s insurance coverage as well as which repairs and/or upgrades to consider in order to maintain the value of your home.
This is even more important if you’re thinking of selling your home? Listing your home at the right price is crucial to its eventual sale and you should and a CMA will aid you in determing what your home is worth and where your home fits in with other, similar homes in your area. (click here for tips on How to Set a List Price for Your Home)
A home™s value is determined by several factors, six of the main contributing factors are; the location of the home, it’s physical condition, the size of the home (that is the total square footage), number of bedrooms, number of bathrooms, and the size of the lot it is situated upon and it’s location within the community. The amenities within the home, such as type and quality of flooring materials, cabinetry, countertops and method of heating/cooling are additional factors that affect value. Location and proximity to things such as; shopping, entertainment districts, major highways, etc. have a major impact on the desirability of an area and thus home and land values.
Home values are also affected by current economic conditions. The number of homes
currently for sale in an area as well as what comparable homes (called “comps”) have for recently sold are used to determine what qualified buyers are currently willing to pay for similar properties. The assessed (tax) value of a home is not necessarily a good estimate of value and in some instances these values can be off by as much as 35%!
Let us do a quick “Comparative Market Analysis” for you, for free, and with no obligation. Also known as a CMA, this analysis compares your home to others that are currently on the market and to those that have recently sold.
As top REALTORS ®, we determine the value of area homes on a daily basis. Using the information you provide below, we can perform a quick market analysis, and give you a free estimate of what your home is worth in today’s market.
Remember, market conditions can be different, even from one neighborhood to the next. We will take these and numerous other factors into account when determining the true market value of your home.
This service is completely free and without obligation. There are absolutely no strings attached. Why? We want the chance to show you our expertise as top real estate agents.
