Think you know what your home value is? No matter how attractive and polished your house is, your home worth is what buyers will be willing to pay based on comparing its price with everything else on the market. Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood like yours. I furnish data on sale figures for the “comps” to your home, and analyze them for a suggested listing price. I can also adjust the price based on additional criteria such as condition and age of your home. The decision about how much to ask, though, is always yours. The list of comparable sales I bring to you, along with data about other houses in your neighborhood presently on the market, is used by me to create a “Comparative Market Analysis (CMA).” To help in estimating a possible sale price for your house, the analysis will also include data on nearby houses that failed to sell in the past few months, along with their list prices.
This CMA differs from a formal appraisal in several ways. One major difference is that an appraisal will be based only on past sales. In addition, an appraisal is done for a fee while the CMA is provided by me for FREE and may include properties currently listed for sale and those currently pending sale.