It’s difficult to find the right value for your home when the market changes so frequently lately. Home prices are going up in some areas and way down in others. Demand, supply, and interest rates all work together to fluctuate home prices in the area. This is precisely why you need a professional real estate broker’s opinion on the current value of your home.
Online home valuations can be very misleading and provide you with false hopes and or unrealistic suggestions about the true market value of your property. Typically, they use general computer algorithms to try and price your home based on similar things a live person might, but the computer simply can not look at the uniqueness of your property like a real estate broker can. Every property is unique, even the ones that are all in the same track or on the same street. Market timing and property condition are some of the factors that will add or subtract against the base price that those online valuations.
We offer a free home value report based on your exact property using comparable sales, current listings, demand and market biases, and other unique elements. There is no cost and no obligation for this service and it’s as easy as putting your information into our form below. We will work diligently to produce the report and help explain different aspects of your property’s value, where we can increase perceived value, and what may be causing a decrease in value for your specific property with details on how to fix it.
Market value refers to what a buyer will pay for the property. To get an actual market value the house must sell. Comparative Market Analysis reports can only provide you with a presumed or estimated market value. An appraised value is done by a professional appraiser and is more likely focused on what a bank will lend for that property. These vary often for different banks and for different appraisers. Three different appraisals will net three different prices.
Market value refers to what a buyer will pay for the property. To get an actual market value the house must sell. Comparative Market Analysis reports can only provide you with a presumed or estimated market value. Similar to Appraisal Value the refinance Value of a property will provide you with a price or value for your property for which a bank will refinance the home. This is often very much lower than what a Market Value will bring due to banks’ policies and lending methods.
Typically not. One tried and tested ways to list properties in San Diego is to put a range on the listing and have the Market Value be somewhere in the middle of the range. This method allows buys in lower ranges to also find the property in searches, increasing the volume of buyers that are interested, thus allowing for more demand and increasing the final price or the Actual Market Value. Contact us for more details on this selling technique and find out why it brings a higher average price.