Property Value Estimate
“How much is my home worth?” is a common question property owners have whether generally curious to selling immediately. Property value is connected to both subjective and objective market conditions: what is a buyer able and also willing to pay for the property?
“How accurate is an estimate?” is often a question that needs to be asked. There are more online auto-generated estimates merely to get your attention and information while lacking critical details for accuracy. Professional real estate estimate is known as a CMA report, which is a Comparative Market Analysis. The report shows property comparables or “comps”, which are nearby, surrounding properties that are usable to base your current home value, which are accessible to real estate agents on the MLS along with other specific details professional real estate agents know.
The CMA report provides the best possible estimate based upon both the current market and property conditions, helping both sellers and buyers. Buyers with loans often will be either required or recommended to receive an appraisal or investors looking to utilize the property for their purposes.
“How fast to get an estimate?” Normally our team emails PDF report same day for average properties, and potentially longer for certain luxury homes, land, fixers, and properties with differing information between the county and city.
We recommend doing a CMA report prior to selling within 12 months to give a helpful reference point.