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How do I figure out what my home is worth?

Figure out home value?
Asked By Jack S. | Port Saint Lucie, FL | 1684 views | Tips Advice | Updated 2 weeks ago
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Rising Star
26 Answers
Lindsey Stansbury

EXIT Real Estate Property Solutions

(6)

Hi Jack, Tyler is correct. In support of his reply, it is common for those of us who list homes to receive offers where the potential buyers waive their Appraisal Addendums because they are willing and able to pay the difference if the home appraises at a lower value than their offer price. Having a local Realtor/Broker provide you with a CMA is helpful and usually free. Appraisals are not free. Hope this helps.
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Pro
172 Answers
Amanda Courtney

REP Realty Group

(10)

Start by looking at recent sales of similar homes in your neighborhood. You can also request a Comparative Market Analysis from a real estate agent or hire an appraiser for a full valuation.

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Semi-Pro
83 Answers
Marty & Abby Champagne

RE/MAX Market Place

(56)

Call any RE/MAX office in your area and they can give you that information. Have a super day!
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Rising Star
19 Answers
Al Maxwell

eXp Realty

(60)

Call one or more good REALTORS
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Rising Star
10 Answers
Tyler Fitz

Anderson Realty

(21)

There are two way to do this efficiently.

1. You can have a local broker/real estate agent provide you a CMA. They may or may not request home access but being able to walk through the property usually helps give a very accurate value.

2. You can have it appraised. The things is if you are thinking of selling because of the rapid market increases you may be able to sell it for higher than what is "worth."
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Novice
5 Answers
Karen M. Riscinto

Florida Lifestyle Realty Group, Inc.

(88)

Hi Jack,

Port St. Lucie is a hot market at the moment, so you want to be able to get the biggest bang for the buck. There are several routes you can take.
1. Get a CMA from a local agent.
2. Get a professional Appraisal and then hire a professional agent.
Personally, I would go with # 1 and add a pre-home inspection so that when you do list there are no surprises. Also, it gives you a chance to fix things which in turn will get more money on the sale. Be careful of the companies that offer to buy your home, in the end you will pay out more and leave more money on the table than you should. Feel free to reach out 352-250-3166 if I can be of any assistance.
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Novice
5 Answers
Christopher Williams

Simply Vegas

(41)

Hi Jack, have you connected with a local Realtor yet? They can provide you with a comparative market analysis on your property to give you a good idea as to what the property is worth. To determine value, we look for similar homes recently sold in the area and make adjustments as needed.
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Novice
4 Answers
Marianne Windridge

Berkshire Hathaway HomeServices Florida Realty

(35)

There are multiple ways for you to get an idea of value, some as simple as looking at local websites and observing sale prices of homes similar to yours. However, for a more accurate valuation, I would suggest with speaking with a local Realtor and asking them to prepare a Comparative Market Analysis ( CMA) of your home or hiring a local appraiser to appraise the home. Keep in mind that are market is constantly changing so if you are not ready to sell for 6 months or more I would wait until you get closer to the date that you want to sell. Hope this helps!

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