Brett Schermerhorn's Advice

Contributions are sorted newest to oldest.

  • 2 Contributions
  • 0 Best Answers
  • 2 Helpful

Brett Schermerhorn wrote:

How do i find out what my current house is worth?

Answer
You should spend a significant amount of time researching a proper asking price for your home. It is far too easy to select an asking price that undervalues or over values your home and the result could cost you thousands or tens of thousands of dollars in either case. Traditionally, it has been acknowledged that properly priced homes will have a marketing time on average of 6 months. This is to say that if a home goes under contract in the first two weeks it may have been under priced. Realistically it is always possible that your properly priced home may find a buyer in a short period of time so this is just a general statement. The down side of having your home priced too high is an unreasonably long marketing time and the strong possibility that you will eventually have to lower the price resulting in a lot of wasted time and money. There are many additional factors of value relating to specific characteristics of a property type such as excess land and local zoning laws resulting in the possibility for subdivision, or if your home has a different highest and best use which is common for homes located on a developing commercial strip. As a certified general real estate appraiser I have spent an extensive amount of time studying what creates and affects value. It is also my job to analyze developing market trends; trends which may lead to the anticipation of a higher selling price. I provide detailed and unbiased opinions of value based on market evidence and all components of value which relate to your property. I enjoy working on appraisals for people who really want to know what the value of their home is. My name is Brett Schermerhorn and you can contact me at Champlain Valley Appraisal Services, PLLC.
April 14 2010
(1)

You want to know your house's worth according to a zestimate?

Response
You should spend a significant amount of time researching a proper asking price for your home.It is far too easy to select an asking price that undervalues or over values your home and the result could cost you thousands or tens of thousands of dollars in either case. Traditionally, it has been acknowledged that properly priced homes will have a marketing time on average of 6 months. This is to say that if a home goes under contract in the first two weeks it may have been under priced. Realistically it is always possible that your properly priced home may find a buyer in a short period of time so this is just a general statement. The down side of having your home priced too high is an unreasonably long marketing time and the strong possibility that you will eventually have to lower the price resulting in a lot of wasted time and money. There are many additional factors of value relating to specific characteristics of a property type such as excess land and local zoning laws resulting in the possibility for subdivision, or if your home has a different highest and best use which is common for homes located on a developing commercial strip. As a certified general real estate appraiser I have spent an extensive amount of time studying what creates and affects value. It is also my job to analyze developing market trends; trends which may lead to the anticipation of a higher selling price. [Cut]
April 14 2010
(1)