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Answers (2)
- April Fenton, "AprilFenton"
- Contributions:11
In order to find out the approximate fair market value of your home you should contact a lisenced real estate professional to do a comparative market analysis on your home. It is very easy to do, agents just pull comparables listed on the MLS based on location, size, age of structure, bedrooms, baths, acrage, etc. The market analysis will show what similar homes in your area are listed at, under deposit for, and that have sold in the previous six months. It will give you the highest, lowest and average sale price and suggest what you should list your house at in order for it to sell in this market. Keep in mind that the price may be lower than you expected due to the large number of short sales. Although they are not a conventional sale, they do effect the prices in the housing market and if you would like to sell quickly you will have to compete with them. A properly priced home is a SOLD home.
- Michael Laird, "Michael Laird"
- Contributions:3
Hello Robin,
The best thing to do is to contact a local Realtor to do a market analysis for your home. They will look to see what homes, similar to yours, are on the market, in contract and that have sold in the last 6 months. The report will give you a price range that your home would be expected to sell at.
Good luck!
Michael
The best thing to do is to contact a local Realtor to do a market analysis for your home. They will look to see what homes, similar to yours, are on the market, in contract and that have sold in the last 6 months. The report will give you a price range that your home would be expected to sell at.
Good luck!
Michael
I'm attempting to find out the approx. fair market value on a home
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