If you were to look on a search engine the best way to find out what your home is worth, you’d be greeted by an onslaught of generic appraisal websites with calculators that likely know nothing of the area, or the current real estate market.
Knowing exactly what your home is worth should be the first step in the selling process. Not only will it be incredibly valuable when listing the property, but also through the negotiation process. It will also give you an indication of what your budget might look like when looking for your next home.
There are many factors to consider when understanding what your home is worth, and then it can be even harder to understand how to determine those factors. It takes someone with an understanding of the area, years of experience, and an AGENT who has a strong understanding of the current market value.
For years, Kevin Yankow and the Key Real Estate Team have been selling in, buying in, and understanding every aspect of the real estate market in Southwest Florida. He understands how to determine exactly what a home is worth, and then how best to sell it.
Here are a few of the best ways the Key Real Estate Team uses to determine the worth of a home.
Comparative Market Analysis
Even if you use an online calculating tool, a CMA is a deeper and more accurate dive into estimating a home’s worth.
A CMA is a detailed and knowledgeable analysis of the value of a home, done by local real estate agents. Kevin Yankow and his team are trusted experts when it comes to conducting a CMA.
The agent who does the CMA is a great choice to list the home, as they now will already have a deep understanding of the property. A CMA is recommended, and possibly one of the first important choices you’ll make.
Contact the Key Real Estate Team today for more information on a Comparative Market Analysis.
Use a trusted professional appraiser
Sometimes with the advice from your real estate agent, it’s often a good idea to also have the property professionally appraised.
A professional appraiser will conduct an appraisal of the property, looking at every aspect that will affect the home’s price. It’s often a great second opinion to what your local agent comes up with as well.
Often, sellers will hire more than one appraiser, and with their real estate agent’s help, can better determine the worth of their home. Maybe the highest appraisal is the starting price, which might work great in a hot real estate market. An average of the appraisals can be a great indicator of a starting point as well.
Knowing who to trust, who to hire, and how to interpret the numbers to best sell your home is a key step after an appraisal, and Kevin Yankow knows exactly how best to do so.
Use the right online tools
Okay, so as we said, there are too many online tools available to evaluate the worth of your home. But, it can also be a cheap and quick way to get a rough estimate of what your selling price might look like.
KEY Real Estate has made it easier than ever to help determine the value of your home. Of course this isn't a substitute to a proper market analysis given by one of our dedicated associates, but if you're curious about your home's value, just fill out the form found here.
Trust you realtor
Your realtor wants to sell your house. They want you to be happy. They want to listen to your needs, wants, and to put your house on the market with an understanding of the complexities of the real estate market.
The Key Real Estate Team not only knows the best process to determine your home’s worth, but also how to raise it. During the negotiation process, whether to stage the home or not, when and what price to list the home at, and many more are all best determined by an agent with the right experience.
There’s no better team in Southwest Florida than the Key Real Estate Team to evaluate your home's worth, and when the time comes, the best way to sell it.
If you're planning on selling (or buying a home) in Southwest Florida this year, get in touch with the Key Real Estate Team online, or call 239-312-3120 today!Posted by Kevin E. Yankow on