Wednesday, July 5, 2017

How Is Your Home's Value Determined?

How do we determine the value of your home? Today I want to explain the process in more detail.

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We in the real estate world do something that’s very similar to what appraisers do to calculate a home's value. We will get your address and detailed information about the property such as size, square footage, amenities, and the overall condition. Generally I’ll ask, “On a scale of one to ten, how is the condition of your home?”

Once we have that information, we’ll take it and compile data from other buyers who have bought property within and around the area and have school districts, similar locations, layout, and amenities. We’ll then put all of that data into a program and it will give us a number that we feel is a good idea of what we can market your home for.
What we do is similar to what an appraiser does, without the added expense.
What we do is very similar to what an appraiser does, just without that added expense of hiring an appraiser to do that appraisal separately. We do these home evaluations all the time and we do them for free. We do multiple evaluations each day, so we’re very familiar with the neighborhoods and the activities that are going on in and around the area.

If you have any other questions or you’d like to get your free home evaluation, give us a call. We’d be happy to help!