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what's my home worth?

  • July 09 2010 - Newton
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Answers (6)

Best Answer

Most will say that your home is only worth what a ready, able and williinb buyer is prepared to pay for it. Since that is the case, all estimates are not going to be fully accurate. However, if what you want to know is how much your house would be listed for if you put it on the market, an agent in your area can work up a comparative market anaylysis (CMA) to give you an idea of what homes have sold for in your area, therefore giving you a good indication of what your home may sell for.

To give you an fully accurate CMA an agent may need to assess your home in-person. However, they can still run rough numbers by just speaking with you over the phone and getting a general idea of what updates and changes you may have made to your home.

I hope that helps. Good luck!
  • July 12 2010
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Hi Rulu,

The "Market" dictates the value of your home. Sedruola is completely correct in that a CMA is needed to give you an idea, however, I would actually bring in 4 or 5 individuals to do this for you.

With every client I work with, I suggest that they have more than one CMA performed by independent brokers. Not only does this give them a more accurate representation (almost all have different ways of assessing the market in a given areas/different criteria they base this on), but it ensures that they end up working with the right agent for them. There's nothing worse than being in a situation where you and your broker aren't seeing eye to eye!

It's also important to keep in mind that many agents will tell you what they will LIST the home for, rather than what they think it will actually sell for based on the CMA. Make sure you're communicating with each agent to ensure that you're both on the same page!

Best of luck should you decide to sell!

Eric
  • September 20 2011
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Rulu,

I live and sell in Newton.  If you would like me to do a Comparative Market Analysis to give you an idea what you could list your house for, just reach out to me and let's set something up.

Best,
Michelle
  • July 22 2010
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Your assessed value is a good place to start, if you don't mind a rough estimate.  Most assessments are within (+/-) 10%.  But not all are.  Many realtors will be happy to discuss the value of your home in today's market.  That number is more fluid, but they may be able to help you with ways to increase your homes value.  Good Luck.
  • July 10 2010
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the selling price is the homes real market value...till then it's just a price listed on paper.
  • July 09 2010
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Contact a Realtor in your local area. They will tell you what your place is worth free of charge.
  • July 09 2010
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