Factors That Can Affect A Home's Fair Market Value
Getting ready to sell? One of the first steps is to know your home's worth or fair market value in today's market. Your home's fair market value is determined by the dollar amount a knowledgeable buyer and seller would agree on within a reasonable amount of time (usually within 90 days).
The fair market value is only an estimate. It also takes into consideration such things as location and home conditions. Fluctuations in the market, interest, and motivation can also affect prices.
Factors That Can Affect Your Your Home's Value
Get Your Home's Approximate Value With Our Free CMA
Find your home's value with our free CMA (Comparative Market Analysis)
What is a CMA?
A Comparative Market Analysis, or CMA, is a report used to determine the fair market value of a home. Based on local market data, a CMA takes into account recent and pending sales as well as current listings. From this information, we can establish an appropriate listing price for your house. This price may need to be adjusted as the market changes to ensure that your house remains competitively priced.
The fair market value of a home is determined by the dollar amount a knowledgeable buyer and seller would agree on within a reasonable amount of time (usually within 90 days). The fair market value is only an estimate. It also takes into consideration such things as location and home condition. Price adjustments are based on fluctuations in the market, interest, and motivation.
This CMA report includes information on current local listings and other recently sold (or pending sales) in your neighborhood. Although no house is exactly like yours, these are the most similar properties and are often the ones that appraisers use to determine home values. Also factored in are things such as; square footage, location, amenities, property condition, and existing financing. All included data has come from the most reliable sources: local real estate firms, title companies, and the Multiple Listing Service (MLS).
Complimentary Report Uses Our Experience and Up-to-date MLS Data
When it comes to your home's value don't rely solely on a Zestimate or other computer generated report! Our detailed home value estimate reports are not generic guesstimates using inaccurate data pulled from Trulia or Zillow records.
We provide the same information that lending institutions and appraisers use to determine your home's worth. We work with homeowners every day, providing Comparative Market Analysis reports to help determine the proper offer or selling price for their homes.
Your professional evaluation Includes...
- Up-to-date prices and details of nearby comparable properties
- A professional estimate of your home’s current value prepared by a licensed REALTOR
- The MOST current information and recent sales activity in the local market
- Pre-listing recommendations based on an on-site property tour (optional, no obligation)
You can use this information when talking to lenders, banks, appraisers, or Realtors so that you know the true value of your property in today's market. Just provide a valid email and property address to get a detailed CMA built for you by hand using sophisticated software and sales data that sites like Zillow and Trulia cannot access.