How do you determine how much my home is worth?

Home is worthThere are a handful of methods that Realtors use to determine the value of a home. The mot common method to determining the value of a home is by completing a comparative market analysis. A comparative market analysis is an in-depth evaluation of recently sold “comparable” homes in the past 6-12 months. A comparative market analysis, also known as a “CMA,” isn’t a crystal ball that determines what a home will sell for, however, if performed by a top Realtor it should greatly narrow the sale price range.

A professionally completed “CMA” will take into account amny features of not only a home, but also the local area and neighborhood. Considerations that a professionally complete “CMA” include, but is not limited to:

  1. Square footage
  2. Number of bedrooms
  3. Number of bathrooms
  4. Upgrades to kitchen
  5. Window quality
  6. Roof age
  7. Lot features
  8. Location; primary or neighborhood street?
  9. Style of residence
  10. Flooring type

Find Out How Much Your Home Is Worth