When getting ready to place your home on the market, finding out what your home is worth is one major essential in determining the asking price of your home. As your local Real Estate agent, I can assist you in finding out your home’s value. Today, we are providing some helpful tips on how to find out your home’s value before you place it on the market.
- Hiring a professional appraiser is a great way to get an idea of your home’s value. Even if you don’t plan to sell right away.
Hiring an appraiser can help you and your Realtor make a decision on what the asking price should be for your home when you do decide to place it on the market. Generally, the cost to have your home appraised is based on the size of your home. Ask your Realtor for a recommended professional appraiser.
Your home’s value is also based on your location so attending other open houses in your neighborhood can give you an idea of what your neighbors are listing as their asking price. Although what your neighbor has as their asking price is not going to necessarily reflect what you should place as the asking price of your home but it does allow you to gain data and info to compare it to your home.
Lastly, ask your Realtor if he or she can provide you a CMA report, comparative market analysis. The CMA report is essential when it comes to determining what you are going to list your home for. The CMA report will allow to you to compare your home value to similar homes for sale in your area but also homes that have similar features as your home such as square footage, year built, and location. We have available on our website a Home Market Evaluation tool. Using a few details, you can get an accurate report of the market activity in your neighborhood.
These are just a few of the steps you will complete to find your home value. We always recommend asking your professional Real Estate agent to assist you. He or she is an expert in these areas and is going to work with you to make sure that you list your home for the best asking price possible.
Emcee Arah and his team of professionals have a comprehensive understanding of the current real estate market in in Silver Spring, Maryland and the Washington, DC Metroplex. Team EMA’s 25-point marketing strategy customizable to each Seller, is one of the signature tools for their many years of exceptional customer service in real estate. The mark of excellence combined with a reputation for integrity has earned his team distinction amongst the most trusted Realtors in Montgomery County, MD.
