Todays’ real estate buyers are savvy and empowered like never before. While the Internet has greatly increased the visibility of homes on the market, it has also provided greater access to data home buyers may not have had in years gone by. It is now easier than ever for buyers to see which homes up […]
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[M04/S02] Real Estate Values and Pricing
What is your home’s value? Notice that the question is about your home’s value and not its price, because there’s a difference between real estate values and pricing. There are a number of factors which affect a home’s value: location, condition, upgrades, square footage, lot size – those are just the obvious factors. Less obvious […]
[M04/S03] What Matters and What Doesn’t in Pricing your Home
It’s important to realize what matters and what doesn’t in pricing your home. An area where homeowners get into trouble is that their opinion of their home’s value – or, what they think someone will pay for it – is colored by factors which really have nothing to do whatsoever with how much they can […]
[M04/S04] Every Home is Unique
In a neighborhood of similar homes, why is one worth more than another? This question has perplexed buyers and sellers for ages, but the answer is simple: every home is unique, and the circumstances of every sale are unique too. Every home is different, and the circumstances in every sale are different too. When a […]
[M04/S05] Three Major Factors affecting Real Estate Values
When it comes to pricing your home, three major factors affecting real estate values: Location Quality Market Condition To evaluate your home’s location, ask yourself how far it is from schools, grocery stores, destinations, and other local amenities. How accessible are highways and public transportation? Also, how close is it to nuisances? Is your home next […]
[M04/S06] Online Real Estate Price Evaluations
In the quest to come up with an easy and instant home price estimate, plenty of sellers visit web sites for online real estate price evaluations, such as Zillow, Trulia, eppraisal.com, often with less than satisfactory results. This shouldn’t be much of a surprise; there are many factors going into a home’s value, and these […]
[M04/S07] Real Estate CMA or Comparative Market Analysis
A Real Estate CMA or comparative market analysis of a property’s market price, generated for a home owner or potential buyer by a real estate professional. CMAs are typically created solely from multiple listing service data, but can include data from public records as well. They’re convenient reports that help homeowners clearly see what their […]
[M04/S08] Real Estate Appraisal
Another option for valuing your property is to hire a professional appraiser to do a formal real estate appraisal. A professional appraiser will typically charge between $400 and $600 for this service. There are all kinds of appraisals, and they are ordered for a variety of different purposes. But when it comes to selling residential […]