Charlottesville Real Estate

Value of Your Real Estate

Curious about what your home is worth?

I am happy to provide a Comparitive Market Analysis on how much your home could sell for to help you decide if now is the right time to sell.  Using recent market activity (currently listed, under contract and sold homes) will provide the data for a comprehensive Comparitive Market Analysis.  One of the most important factors in selling your home is pricing it correctly.  As your Realtor, you can be assured your home will be priced correctly.  In this changing market your tax assessment may not be an accurate guide to the actual market value of your home.  It is essential to work with a Realtor who knows this changing greater Charlottesville Real Estate market.

 

Here are some basic things to consider when determining the Value of your home:

What is Market Value? 

Market Value is the price at which a reasonable seller is willing to sell and a resonable buyer is willing to buy, assuming neither are under undue stress.

Market Value is:

-Estimate of Sales Price

-Reasonable Time Period

-No mitigating circumstances

-Consider current market conditions and trends

Who determines market value?

-Ultimately, the marketplace (buyers) determine the value they are willing to pay

-At this point, the seller determines the listing price

KEY POINTS to remember about pricing your home:

-Realistic pricing will achieve the maximum price in a reasonable time

-Your cost or profit desire is irrelevant, the market determines the price

-The cost of improvements is almost always more than the added value

-A house that is priced right from the beginning achieves the highest proceeds.