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Mark Russell Williams's Advice

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Mark Russell Williams wrote:

HOW DO I FIND OUT WHAT FAIR MARKET VALUE OF MY HOME IS?

Answer
An appraisal should give you the recent history of your homes fair market value. But an appraisal has two major shortcomings. First it's stated value is based on what has sold (i.e. based on history) Second, it does not consider all current competing properties.The easiest answer it to make an appointment with two different Real Estate Agents. Ask them to do a CMA.  They should take comps from homes that are on the market, homes that have recently sold, and homes that that failed to sale while listed. They should be able to back up the numbers with the comps.I hope this helps. 
March 28 2012
(0)

REAs, Please do yourself (and your profession) a favor...

Response
Well said Friend, as real estate professionals we need to listen better than we do.
March 28 2012
(1)