How Much Is Your Atlanta Home Really Worth? Part Three
How Much Is Your Atlanta Home Really Worth?
So, what is the market value of your home? How much can you receive from the sale of your home if you decide to cash out? There are four points we consider in our market valuation:
Number One: The market value of your home is the price a buyer is willing to pay for your property today. A buyer makes his decision based on today’s market, today’s competition, today’s financing, and today’s economic conditions. Remember, these factors do change from day-to-day.
Number Two: The market value of your home is based on a buyer’s perception of the condition of your property.
Number Three: The market value of your home is based on the location of your home. (You knew this already…everybody knows the rule of “location, location, location”).
Number Four: The market value of your home is based on a normal marketing time. Fire sales have lower-yielded market values than properly marketed sales.
REALITY OF MARKET VALUATION
The challenge a you may face in accepting the reality of the market valuation of your home is that so many of the variables are not within the your control. Market conditions, the motivation of competition, and the actual “value” of the home as perceived by the buyer are generally beyond the seller’s control.
In the end, the only factors of market valuation a seller can control are the condition of the property, access to the property, and the asking price. Everything else is determined by the market.
Who Can Determine Market Value?
No one person can determine what the market will price a home. We can make predictions based on good information, analyze the competition, and review recent sales information for comparable properties.
FINAL ANSWER
In the end, we are all subject to the marketplace as the sole “appraiser” of our homes and houses.
SALLY ENGLISH AND THE ENGLISH TEAM
Sally English and The English Team specialize in homes and neighborhoods convenient to Emory University and The Centers For Disease Control. We often answer the question of how much is your home really worth with Free Market Analysis of Your Homeas part of our commitment to service excellence. Our Comparative Market Analysis, CMA for short, will help you price your home for sale in the Atlanta Georgia housing market. Call us at 770-939-3174.