what is value of my home?

Asked by Angela Badami, Nyack, NY Thu Feb 5, 2009

This question is about this property: http://www.trulia.com/homes/New_Jersey/Englewood_Cliffs/sold…

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Maria FORSBE…, Agent, FORT LEE, NJ
Fri Feb 6, 2009
You need to set up some time to meet up with a realtor so he or she can see your home.
you can also get an close idea from recent "sold" comps. The "CMA" comparative market analysis is free and as mentionned in an eralier answer you should contact a few Realtors and then make a decission whom is the most suitable for you. I work in your area so feel fre to contact me at my cel. 201-233 4519 or for recent sold just send me an e-mail with your property info and I can forward you a list of recently sold homes in your specific criteria.(last 6 months) my e-mail is mia@villonrealty.com. Good luck
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Jeanne Feeni…, Agent, Basking Ridge, NJ
Thu Feb 5, 2009
Hi Angela, Laura's advised you well - answering this question is a great way to kick off an interview process for possible listing agents when the time comes to sell. An agent that knows your area well, and is comfortable with the analystics and market data will be able to put together a pricing analysis that will provide a probably sale price range. The approach I prefer is one that looks back to project forward - in other words, reflecting on comparable sales - 12 months, 6 months, and under contract to establish a trend and then applying that trend to current active comparable listings to arrive at the range.

It isn't a bad idea to seek out multiple opinions - and do be careful not to fall into the trap of embracing the agent the tells you what you want to hear - fact is, especially in this challenging market, price is THE most important factor in probability of success. If you price right from the get go, you have a much higher likelihood of selling your home quickly and for a higher price, then if you chip away and accumulate days on the market.

Good luck to you!

Jeannie Feenick
Search and connect at http://www.feenick.com
Web Reference:  http://www.feenick.com
0 votes
Laura Gianno…, Agent, Manahawkin, NJ
Thu Feb 5, 2009
Call a local REALTOR and ask for a Comparative Market Analysis. There is no way to tell what your home is worth without a thorough review of the similar properties that have sold recently.

Laura Giannotta
Keller Williams Atlantic Shore
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