 |
| Photo by Amir Zee / iPhone 6s / May 2nd, 2018 |
Utilizing the services of a professional home appraiser is the most accurate way of calculating the fair market value of a home. However, it is possible to crunch the numbers without hiring an appraisal service by analyzing the sale prices of similar homes that have sold in the prior 6 months in the same neighborhood.
The fair market value of the residential property can be calculated by comparing the recent sale prices of similar homes in the neighborhood.
Valuing a home is not an exact science, but professional home appraisers take some critical features into consideration when determining a home's fair market value. These include the property's age, lot size, internal square footage, the number of bedrooms and bathrooms, type of heating system, amenities and overall condition. Location is critical. Homes in a neighborhood with low crime rates and better transportation links tend to have a higher value than homes in which lack these features. The first step is to look at the property with an appraiser's eye and write down its principal features. I provide free Comparable Market Analysis " CMA" of your property. Or you can use What's My Home Worth? To receive your report in few minutes. As always please call me with any real estate questions.
Lastly, your comment and suggestions are welcome. So, drop a line to tell me if like this article.
No comments:
Post a Comment
I appreciate your comment, questions, and suggestion and will respond to all of them as best as possible.