What's My Home Worth?
Free Quick Over-The-Net Home Evaluation
As a seller, you want the highest possible price and the best terms for the sale of your home. With that in mind, it's important to understand some of the factors that will dictate just how much you can get for your home. The two biggest are market conditions and interest rates, but there are other considerations when determining the right initial price:
- The value of your home is relative to the local market value - the same home located in another town, in another part of the county, will most likely have an entirely different value.
- As with anything, the sale price of your home is affected by supply and demand. If you live in an area with explosive job growth, a rapidly increasing population and limited availability of housing, then it's more likely that you will get a premium price for your home. If, on the other hand, if the community is losing jobs, people are moving away, or there is an increase in construction, changing the inventory, then you'll be dealing with a buyer's market and most likely will not get top dollar for your home.
- Your requirements in regards to a timeline will impact the price of your home. If you need to sell quickly, then chances are you'll have less leverage and accept a lower selling price. However, if there is no incentive for you to sell quickly, then chances are you'll hold out for the best possible price.
- The price of your home cannot be based solely on what you, as the seller, want. Just because you want $400,000 so that you'll have $100,000 in cash for a down payment on your next home doesn't mean you'll get it. If there are similar properties in your area that are selling for $300,000, then chances are you will not get the sale of your home at $400,000.
- The price that you sell your home at does not necessarily determine how much money you walk away from the deal with. Consider these two situations: first a selling price of $200,000 total; second a selling price of $210,000 but with concessions of $5,000 in closing costs, $4,000 allowance for roofing repairs, $2,000 for repainting the exterior, and leaving the washer, dryer and refrigerator ($3,000 value). In the second scenario, the final adjusted price is $196,000.
It becomes apparant that home pricing and selling is part science, part marketing, part negotiation and part art. Unlike math where 1 + 1 always equals 2, in real estate there is no single concrete calculation or formula. Each sale is different, and for this reason you should do as much research as possible and make a conscious effort to prepare your home for sale. Most importantly, give me a call to help you with the the process and to help maximum the return on your investment.
Using the information you submit to me in the form below, I will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in your area as well as all public and internet records available.
With this current market data, we will be able to determine what your home might sell for if you decided to put it on the market. I take several extra steps in preparing the market analysis so you can have the best idea of what price range your property should be in. However, without actually seeing your property I won't have the true picture that would allow me to set the most accurate price.
Please give me as much information as possible in the form below. The more details given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential. There is no cost or obligation for this valuable service. If you'd like me to see your home to be able to give you the truest price range, just give me a call at 303-589-5478
or send me an e-mail to set up an appointment.