Home Valuation
Understanding Home Values
House value is typically defined as the amount for which a buyer is willing to pay for a residential property. To determine the value of your property, you need to consider 3 factors:
Location
To market your home effectively, we’ll need to research what makes your area attractive to buyers. We’ll also want to know the reasons you chose when you originally purchased the home to see how those things weigh-in with relationship to the current market. The favorability of local schools, reliable transportation, and nearby stores can help when advertising a listing.
Features
While your location is fixed, your features are adjustable, meaning they can change for the better (or worse). Research shows that certain features can greatly boost the value of a home. Our coaching guides you through the many choices available, studying options carefully to ensure the best value approach to preparing your home for sale, whether you intend to sell now or sometime down the road.
Price
Pricing is flexible and is usually where changes are made to secure a sale. The statistical data we use tells the story of what’s taking place in the market. Yes, we all visit the Internet looking to see what our home is ‘supposedly’ worth.
Greg relies on his local expertise and analysis of market trends to help you determine the best price for your home. It’s what we call a “best value” analysis and often includes a pre-listing appraisal to help you understand the value of your home now in addition to an anticipated value with improvements. Ultimately, you’ll be able to make an educated pricing decision based on solid information and realistically project your return on investment (ROI).