Do You Know What Your Home is Worth

Dated: 02/26/2013

Views: 593

Many people don't really understand how the value of their homes are calculated.  The criteria that an appraiser uses to determine the value of a home is determining what the homes have sold for in your area in the last 6 months.  Typically, they try to use homes in that particular neighborhood, but if there are no recent comparables, they will go within a 5 mile radius of the area.

As a Realtor, we use the same formula to determine a purchase price for a home as well. Like the appraiser, we may add or detract value considering the condition of the property.  If you are thinking about selling your home, contact me today for a free comparative Market Analysis!  757-478-9836

Blog author image

Mario Powell

As a licensed real estate agent in Virginia, Mario provides Strategic Marketing and Transaction Management services to his clients that is built on Dedication, Communication, Determination, & Trust.....

Want to Advertise on this Site?

Latest Blog Posts

US Mortgage Rates Of Less Than 4 Offer A Happy New Year

What makes Christmas and New Year’s better than friends, family, and savings? How about owning a home? The holiday season is a cheerful time spent with family, but for those of us with families

Read More

How To Avoid Shock At Closing When Buying A Home

First time homebuyers often think the sale price of a listed home is the only cost associated with the purchase. However, many additional fees are associating with the real estate purchasing

Read More

What Is A Good Faith Estimate

Real Estate Terms: What is a Good Faith Estimate?The good faith estimate (GFE) is an important document for potential homebuyers. It can be acquired for free, but it’s likely you will incur a

Read More

10 Tax Tips For Homeowners

When it comes to tax kickbacks for homeowners, first-time buyers have it made. Not only can they nail whatever they want to the wall for the first time ever, but they also have some of the most

Read More