Phone: (602)525-8485    frimsza @gmail.com
Frances Rimsza
"Experienced, quality service for all of your Real Estate needs!"
What's My Home Worth?

What is My Home Worth in Today’s Market?

You want to sell your home, but you are not sure what it is really worth in today’s market. Using the right comparable sales will help you to find the perfect price.
 
The value of your home is much more difficult to predict and the information available to home sellers can be untrustworthy. Online home valuation sites are fun to play with, but they are based on past sales, not current market factors. Newspaper listings give you some information, but houses are usually so different that it’s hard to compare.
 
The best method available to home sellers to learn their home’s current value so they can select the best sale price is a CMA, or Comparative Market Analysis. CMA is the term real estate agents use when they conduct an in-depth analysis of a home’s worth in today’s market.

The best part about a CMA is that it’s free!

How much can you sell your home for? Probably about as much as the neighbors got, as long as the neighbors sold their house in recent memory and their home was just like your home.
 
Knowing how much homes similar to yours sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours.

What makes a good comparable sale?

Your best comparable sale is the same model as your house in the same subdivision—and it closed escrow last week.  However, that is not usually what is available, instead I will narrow down your CMA by key factors.
 
Location: The closer to your house the better, but I don’t just use any comparable sale within a mile radius. A good comparable sale is a house in your neighborhood, your subdivision, on the same type of street as your house, and in your school district.
 
Home type: I try to find comparable sales that are like your home in style, construction material, square footage, number of bedrooms and baths, basement (having one and whether it’s finished), finishes, and yard size.
 
Amenities and upgrades: Is the kitchen new? Is there a pool? Does your community have the same amenities (pool, workout room, walking trails, etc.) and homeowner’s association fees?
 
Date of sale: You may want to use a comparable sale from two years ago when the market was high, but that won’t fly. Most buyers use government-guaranteed mortgages, and those lending programs say comparable sales can be no older than 90 days.
 
Sales sweeteners: Did the comparable-sale sellers give the buyers down payment assistance, closing costs, or a free television? You have to reduce the value of any comparable sale to account for any deal sweeteners.

I can help adjust price based on insider insights.

Even if you live in a subdivision, your home will always be different from your neighbors’. Evaluating those differences—like the fact that your home has one more bedroom than the comparable homes or an office—is one of the ways I can add value to your home.
 
In my twenty+ years as active agent here in the valley I have been inside a lot of homes in many neighborhood and knows all sorts of details about comparable sales.  I have read the comments the selling agent put into the MLS, seen the ugly wallpaper, and heard what other REALTORS®, lenders, closing agents, and appraisers said about the comparable sale.

You will not find a better, more accurate CMA for your home than the one I will prepare for you. 

Fill in the form below and I will get back to your with a Comparable Market Analysis for you home in today's  market.

Input Your Information
* Name
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Property Information
* How many Bedrooms
* How many Bathrooms
Approx. Square Footage
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Property Type
When do you Plan to Sell your Home
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RE/MAX Excalibur
21803 N. Scottsdale Rd. Suite 100 • Scottsdale, AZ 85255
Phone: (602)525-8485 • frimsza @gmail.com



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