Thursday, October 11, 2007

What factors you should consider when determining the value of your home?

It is tough to determine the value of your home in today’s market. It’s not what you want, need or what your neighbor got six months ago. The real value is what a ready and able buyer is willing to pay.

To determine the value of your home, ask a Realtor for a comparative market analysis (CMA). There are factors that as a Realtor, we look for.

The recent sales statistics are very important. We are going to research what other homes similar to your home have sold for recently. Emphasis will be on recently sold homes with similar features, including style and square footage of home, days on market, type, condition, number of bedrooms and baths, etc.

If you are considering selling, it boils down to three things: Price, Location and Condition. Buyers are looking for the best condition in a location that fits their needs for the best price! Let us know how we can help educate to in finding your dream home.

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