What is the Market Value of your Investment?

When considering selling your home, it is important to understand the market value of your investment.  Homeowners can often have an inflated or deflated perception of the value of their home.  Just because a house up the street sold for a certain price, does not mean the same for your home.  When determining market value, a Prospera agent will take into consideration the differences between comparable homes and your home to arrive at a price a buyer would be willing to pay.  To give you an example, adjustments will be made for such differences like square footage, lot size, number of bedrooms and bathrooms, fixtures and general appeal.

In addition, homeowners can often times have the wrong idea about the market value of their home due to a previous appraisal.  Appraisals are a very strong indicator of the value of the home, but the true market value is determined by what a buyer is willing to pay for your home.  As an example, let's say a homeowner had a recent appraisal for $340,000 and listed the home on the market at that price.  After three months without receiving a single offer, the seller decides to lower the price to $330,000 and receives an offer within two weeks of the price change.  In this case, the seller wasted a few months of mortgage payments by pricing their home based on the appraisal. 

The above example is why a Prospera agent will help you determine the fair market value of your home by performing a competitve market analysis based on recently sold comparable homes.  By adjusting the sales price of comparable homes for differences such as size, age, and bedrooms,  a Prospera agent will show you what your home can fetch on the market.

FOR A FREE HOME VALUATION: visit our Contact Us page and give us a call.  We'll be able provide you with a competitive market analysis in a timely manner so you can keep the ball rolling toward a successful sale.