If you are thinking of selling your home, you have to price it right. We know how to make the most out of your property and sell it quickly if the time has come. If you’re interested in gauging your property’s worth in today’s market, fill out the form below, and we’ll email you a complimentary Comparative Market Analysis within 24 hours.
How much is my home worth?
Frequently Asked Questions
What is a Comparative Market Analysis (CMA)?
A Comparative Market Analysis (CMA) is a report that compares your home to others recently sold in the area, as well as other homes currently on the market. It includes information about prices, days on the market, and sale negotiations. The CMA will provide you with an idea of what price range would be reasonable for your house.
What is a home's value?
The value of a home is an estimation of the price it would likely sell for today. This might be different from what you paid when you bought your home, and factors such as location, renovations you have done to the property since purchase, and other features may influence its worth in addition to any changes in prices over time.
Why is it important to know my home’s value?
Knowing the value of your home can help when it comes to decisions, such as whether to sell, how much time and money you'll spend on repairs or upgrades before putting it up for sale, and how long to wait before selling. The more you know about what factors can affect your sales price, the better prepared and informed you are when it comes time to make decisions.
What is home equity?
Home equity is the value of your home minus any outstanding mortgage. For example, if you have a $200,000 house with an unpaid loan balance of $160,000 then your home equity would be calculated as: ($200,000 - $160,000) =$40,000.
What are the most influential factors that affect home value?
The most influential factors to a home's value are its location, age, condition, square footage, and amenities.
Location is very highly correlated with higher values. In general, homes with more bedrooms will be worth more than those with fewer bedrooms. The older your property is, the lower its resale value will be due to a lack of updates and features. Homes with low curb appeal often struggle to attract buyers because potential homeowners will be turned off by dated or worn-out fixtures, peeling paint, or overgrown landscaping. Amenities such as a pool or in-ground sprinkler system also add to the value.
Can my home’s value change over time?
Yes, it can. Your home’s value could change for many reasons: changes in the surrounding neighborhood, a new development being built nearby, or if you make improvements to your house that increase its desirability (such as adding an updated kitchen) and give it more curb appeal.
How to increase your home value?
You can increase the value of your home by making simple, inexpensive changes such as painting or landscaping. Other small improvements to consider include replacing old carpeting and installing modern appliances in a kitchen. It's best to consult with an agent before deciding on any major renovations since they may have advice based on their experience with your local market.