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How Much is Your Home Worth?

The value of your home depends on several factors. Housing prices varying depending on local market conditions that include: the number of homes currently on the market, prices of recently sold homes, number of foreclosed homes on the market, and many

The value of your home depends on several factors. Housing prices varying depending on local market conditions that include: the number of homes currently on the market, prices of recently sold homes, number of foreclosed homes on the market, and many other factors. The bottom line is your home will be compared to other homes currently for sale in the market.
To properly understand the value of your home and a potential price for a home sale, you will want to examine the record of home sales in your neighborhood over the past several months. It may sound daunting but your ERA Real Estate agent is here to help and can provide you with a Comparative Market Analysis (CMA).

The CMA will provide data regarding recent home sales (size, price and number of days on the market) as well as information about homes that have not yet sold. It allows you to view trends and other critical information that can be beneficial as you determine the value of your home and set a competitive price.

While the home is on the market your Agent will let you know about “market reaction” to your home from other real estate agents who show your home and from the general public who might attend an OPEN HOUSE… In addition, your Agent will keep you abreast of values of similar homes that have gone “under contract” during the time your home is for sale.

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