Your Local Real Estate Advisor
Gilmore Realty Group - Providing Comprehensive Real Estate Services to Buyers and Sellers
Thinking of Selling?
Are you thinking about selling your home but you're not sure what it is worth? The value of your home is determined by several key factors. These factors include:
The closest comparable sales in your neighborhood
Homes used as comparable sales are ideally within 1 square mile of your property. This is the radius appraisers often use when valuing a property once an offer has been presented. Accordingly, it is important for you to use the same general criteria when establishing a realistic value.
The timing of previous sales
In arriving at your property's market value, you should consider homes that have sold (and closed escrow) within the past four months. In our current market, homes prices can move quite a bit depending on the number of distressed sales taking place in your community. Therefore, more recent sales tend to provide the best assessment of value.
Last, those homes currently on the market are also taken into account
Although closed transactions more accurately reflect true market value, active listings represent competition for your home. Existing inventory will impact the price in which a willing and able buyer will pay. It also impacts how appraisers view the home for refinance purposes.
Why You Need Our Service
Generic web based sites that offer a market value don't typically include the variables that will help you decide on a price that a buyer will pay in your neighborhood under current market conditions.
The service offered here provides you with a Full Color Market Analysis emailed direct to your inbox on homes in your neighborhood.