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How do I figure out what my home is worth?
Asked By Jack Z. | Port Saint Lucie, FL | 876 views | Tips Advice | 2 years ago
Answer(7)
Lindsey Stansbury
EXIT Real Estate Property Solutions
Hi Jack, Tyler is correct. In support of his reply, it is common for those of us who list homes to receive offers where the potential buyers waive their Appraisal Addendums because they are willing and able to pay the difference if the home appraises at a lower value than their offer price. Having a local Realtor/Broker provide you with a CMA is helpful and usually free. Appraisals are not free. Hope this helps.
- 2 years ago
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Marty & Abby Champagne
RE/MAX Market Place
Call any RE/MAX office in your area and they can give you that information. Have a super day!
- 2 years ago
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Al Maxwell
eXp Realty
Call one or more good REALTORS
- 2 years ago
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Tyler Fitz
Anderson Realty
There are two way to do this efficiently.
1. You can have a local broker/real estate agent provide you a CMA. They may or may not request home access but being able to walk through the property usually helps give a very accurate value.
2. You can have it appraised. The things is if you are thinking of selling because of the rapid market increases you may be able to sell it for higher than what is "worth."
- 2 years ago
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Karen M. Riscinto
Florida Lifestyle Realty Group, Inc.
Hi Jack,
Port St. Lucie is a hot market at the moment, so you want to be able to get the biggest bang for the buck. There are several routes you can take.
1. Get a CMA from a local agent.
2. Get a professional Appraisal and then hire a professional agent.
Personally, I would go with # 1 and add a pre-home inspection so that when you do list there are no surprises. Also, it gives you a chance to fix things which in turn will get more money on the sale. Be careful of the companies that offer to buy your home, in the end you will pay out more and leave more money on the table than you should. Feel free to reach out 352-250-3166 if I can be of any assistance.
- 2 years ago
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Christopher Williams
Simply Vegas
Hi Jack, have you connected with a local Realtor yet? They can provide you with a comparative market analysis on your property to give you a good idea as to what the property is worth. To determine value, we look for similar homes recently sold in the area and make adjustments as needed.
- 2 years ago
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Marianne Windridge
Berkshire Hathaway HomeServices Florida Realty
There are multiple ways for you to get an idea of value, some as simple as looking at local websites and observing sale prices of homes similar to yours. However, for a more accurate valuation, I would suggest with speaking with a local Realtor and asking them to prepare a Comparative Market Analysis ( CMA) of your home or hiring a local appraiser to appraise the home. Keep in mind that are market is constantly changing so if you are not ready to sell for 6 months or more I would wait until you get closer to the date that you want to sell. Hope this helps!
- 1 year ago
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