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Home Valuation
More Home Selling Resources
What's My Home Worth?
In general, your home is worth what a qualified buyer is willing to pay for it. A numerical value can be determined using the "Market Approach", which is based on the reasonable premise that a prudent buyer will pay no more for a property than it would cost to purchase a comparable substitute.
To form an estimate of value, we analyze current listing and sale prices of simliar homes in your area, considering properties that have recently been sold, are currently for sale or were unsuccessfully offered for sale. Although no property is quite identical to yours, those that have a high degree of similarity are noted in a report.
Comparative Market Analysis (CMA)
To summarize the process: The CMA illustrates the sale history of similar homes, those that failed to sell and properties currently on the market. By comparing these numbers, the value or range of value for your home becomes apparent. The final projected sales price should be determined after careful consideration on these current market conditions.
