We look at several sources to determine home valuation.
Your home’s market value is an important factor in a long list of financial decisions, including selling the home, refinancing your mortgage, borrowing against your equity, estimating your annual property tax bill, buying homeowner’s insurance, calculating the expected return on remodeling costs, managing your other investments, estate planning and so on. The trick is figuring out how much your home is worth — and remembering that how much you paid for it months or years ago isn’t relevant to its current market value. It’s not a bad idea to gather information from several sources and compare the findings, rather than relying on just one approach to home valuation.
Comparable Market Analysis
Call us. Even if you’re not planning to sell your home right away, as your Tallahassee Realtors we are willing to prepare a comparable market analysis (CMA) for you as a service with the goal of getting your business whenever you decide to move. A CMA shows the prices of recently sold homes that are comparable to yours and the prices of comparable homes on the market. We will also give you area trends and information in a professional report. We can give you a rough idea of what your home would be worth, given its size and condition and local market conditions.