What is My Home Really Worth?
Hi, I’m Jean Scott at Keller Williams Advantage Realty. We had a great question from a customer: “What is my home really worth?”
Understanding Home Value
Using a computerized data source isn’t always the best way to find the true value of your family’s home. While the data is very clear, you do have to look at several different variables to come up with the true value of your home.
Market Performance
First off, we’d like to look at how the market is performing as a whole. The Orlando Regional Realtors Association publishes this monthly in their Market Pulse. This gives us a broad overview of the market trends and helps us understand the general direction in which the market is heading.
Local Community Analysis
Secondly, you need to take a look at what’s happening around your home and around your community. We usually go about 2 miles out and take a good, hard look at what’s happening in your area. This includes looking at recent sales, current listings, and any new developments that might affect your home’s value.
Comparable Homes
Thirdly, we like to identify homes that have recently sold and are most like your property. By comparing your home to these similar properties, we can gather data and review it with you. This comparative market analysis helps us come up with the truest value for your property.
Free Consultations
Our consultations are always free, and my best suggestion would be to contact us 6 or even 8 months before you’re really ready to list and sell your home. We can come out and do a pre-listing appointment for you and your family and advise you on how to maximize your home’s value.
Conclusion
Finding the true value of your home involves looking at various factors, including market performance, local community analysis, and comparable homes. By taking a comprehensive approach, we can provide you with the most accurate valuation of your property.
I hope to hear from you soon. Bye!