Do You Know What Your Home is Worth

Dated: 02/26/2013

Views: 597

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

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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.....

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