How to Determine Your Homes Value
There are two ways of going about determining your home’s value or the fair market value of your home. Fair market value is determined by comparing home values or property values of similar homes/properties that have sold with-in the past 3-6 months.
- One is to pay an independent home appraiser $350-400 to prepare a home appraisal. It is generally not necessary to pay for an independent appraisal unless you have an unusual home that is difficult to determine value.
- The second or more common way is to contact a local Massachusetts Realtor or Massachusetts Real Estate Agent to complete a Comparative Market Analysis or a CMA. A CMA is usually at no cost to the home seller and should be more than adequate to determine the fair market value of your home.
Beware- Tax assessment IS NOT a good way to determine a home’s value.
What is my home worth?
I have provided two ways to find out what your Massachusetts home is worth. Both are free, no obligation services I provide.
1- Instant Automated Value– Fill in a few parameters for your house and an instant value will be given for your home. In addition you can get a bi-weekly monthly update of what your home is worth, what homes are coming on the market in your neighborhood and what homes are selling for. This is perfect if you are just thinking of selling your home and want to be up to date on values in your neighborhood. A more accurate value will mostly be had with option two, me completing a comparative market analysis. Find out what my home is worth now!!
2- Comparative Market Analysis- If you are going to be listing your home in 6 months or less this gives you a much more accurate report of what your home is worth. I will swing by your house for 10-15 minutes to see the condition and ask you questions about your home. I will then deliver a completed Comparative market Analysis with in a day or two of stopping by. Just fill out the form below or give me a call.
Kevin Vitali is your local MA Realtor who would be more than happy to help you determine your house value. Home values and property values for the following and surrounding areas: Northeast Massachusetts, Merrimack Valley, North Shore and Metrowest including the following communities and the surrounding areas, Amesbury, Andover, Billerica, Burlington, Chelmsford, Dracut, Groveland, Haverhill, Lowell, Merrimac, Methuen, North Andover, North Reading, Reading, Tewksbury, Tyngsborough, Wakefield, Wilmington, Westford
If you are interested in a CMA in an area not listed fill out the form and I will find an agent though my real estate network that can help.