The value of your home is easily established, with reasonable certainty, by having a Realtor visit your home in person.
There is no substitute for an onsite inspection. Any specialty work such as 3 piece crown molding, granite counters, new hardwood floors, new kitchens or baths, new siding or decks etc. can be added to your bottom line. These upgrades are not seen by online search engines used by companies who offer a cyber-analysis of value. These are based in part on public records, not actual property specific information.
Your personalizationâ€™s might just make your home the new comparable listing yardstick that changes the neighborhoods public data. Show us!
A real estate agent can only really offer an opinion on market value for re-sale purposes. Others are correct when they say it depends on what you are trying to determine value for. If for insurance reasons they may be looking more towards a cost to reproduce.
Hope that helps !
Market value can be higher or lower than the appraised value.
Real estate agents in your immediate market will give you a value based on your home in your market at this time. They will provide you comps available, sold and expired.
Refinancing your bank will have an appraiser.
Selling you can get a free CMA from you local real estate professionals.
Get 3 and compare them.
If your just curious call me and I can give you a ball park value, as individual prices will vary based on condition and improvements of your individual home and without an interior inspection it is difficult to be exact. Drive by appraisal are done all the time to determine that ball park value.
I am a licensed appraiser and real estate broker as well.
Pricing your home is obviously a key part of the home selling process. A home that is under-priced needlessly costs the client potential return. An over-priced home can remain on the market for an extended amount of time, forcing the seller to either wait out a long listing period or have to adjust down the asking price. Getting the pricing right from the start avoids these potential pitfalls.
To get us started a Realtor will prepare for you what is called a Comparative Market Analysis (CMA) of your house. This compares your home to others in the area that are either currently listed, under contract, or have recently sold. Other things that can factor into the CMA are supply and demand, craftsmanship, and the amenities of your home.
The CMA will help us to determine the fair market value.
Tammy Hayes, Realtor
Re/Max Palm Realty