The big question potential sellers ask is, “ What is my home worth? ”
A good listing agent can offer you a CMA (Comparative Market Analysis) on your home. This is a best guess estimate of the value based on similar homes in the market.
The best way to find out the value of your home (“What Is My Home Worth?) is to have an appraisal. The appraisal begins with a qualified appraiser who comes to your house to visually see your home, the neighborhood you live in and the improvements that you have made. The appraiser will measure the inside and outside of your home, noting any and all specific qualities. They will begin researching homes that are currently for sale and those that have recently sold in your area. Your appraiser will come up with an opinion of value, based on the comparables in your area, but with more accurate figurations.
Appraisers are held to high ethical standards and are trained how to make unbiased adjustments to specific qualities of a home. they often use several approaches to determine the value of a home.
Other criteria that may affect the value of your home includes the condition of the economy, supply and demand, and mortgage interest rates. A home’s location may be as important as its physical characteristics. Homes in more desirable neighborhoods may have better schools, appear to be safer or have better opportunities/amenities. Those homes are likely to appraise higher than similar homes elsewhere. Other location features such as beautiful views and the degree of privacy from neighbors also play a role in the appraisal. Appraising homes is not an exact science, it is the opinion of an appraiser, using their training and expertise of local markets and the economy.
However, as a free service – the Ashley Lewis Keller Williams Team Offers a special online tool to help you discover “What’s My Home Worth” in just minutes.
Sometimes you can’t compete with the market values and the economy no matter how perfect your home is. You can have a great home with improvements galore but, in a bad economy, values will be lower. If your home has a ton to offer but is in an undesirable location, it will not have the same value as that same home elsewhere.The opposite could be true, a great location but not enough “house” to support a “higher” value.
What Is My Home Worth?
Each home has value to it’s owner, whether it’s based on money spent, memories made or simply sentimental value. In order to price your home to sell in the current market, we suggest you have an appraisal to find out what price you should expect to sell your home for. The appraisal will prove to the buyer your home’s value and deter low-ball offers. Afterall, the goal is to sell your home quickly at the best possible price.
For more information contact the Ashley Lewis Team at http://SellMyGreenvilleHome.com
Planning to sell your home in Greenville, South Carolina in the near future? Contact the Ashley Lewis Team today to learn more about building a sales attack designed to get results! We are your Greenville, SC real estate specialists at Keller Williams Realty of Greenville South Carolina.
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Ashley Lewis Team of Keller Williams
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