Whether you're buying or selling a home, knowing how Brevard County home values are determined is in your best interest financially. For Buyers, being able to determine values for homes viewed in the area will help a buyer determine an overpriced home, or a real bargain. For sellers, learning about Brevard home values of recently sold homes in your neighborhood similar to yours and knowing how house values are determined will help set an asking price that will attract qualified buyers ready to make an offer.
Determining Brevard County Home Values with a Professional CMA
One of the easiest and most effective ways of determining the value of your Brevard County home is through a Competitive Market Analysis. It's the way that experienced professional Realtors and real estate agents determine a good asking price for a home that they will be representing. Keep in mind realtors know the area and are not just using general a computer generated market info to determine your homes value. You can consult a Realtor, or you can use the same information and methods that they use to do your own CMA.
You can also visit the Brevard County Property Appraiser's web site and check the recent selling prices of similar homes in your neighborhood. That will give you a ballpark idea of the general house values in your community. From there, do a little research to find out just how comparable the sold properties are to your house. You can adjust the average price up or down to account for condition, improvements or other differences and you can come up with a general price for your home. Warning: Brevard County's Property Appraiser web site can be months behind on home sale updates and this may give you an incorrect view of the market and may hinder your sale . It is best to use a real estate professional if you are serious about how much your Brevard county home is worth.
Have Your Brevard Home's Value Determined By a Professional Appraiser
The most accurate way to determine the value of your house is to pay for a professional appraisal. For between $300 and $500, depending on how detailed you want your appraisal, you can get a professional valuation for your property. While this will get you an accurate value for your house and property, it may not be the determinant for your asking price. If your house is significantly higher in value than others in your neighborhood, you may have to drop your sights a little to stay in range. If other houses in the neighborhood are significantly better than yours, you can tack on a bit to the house's valuation to come up with an asking price.
Find House Values on the Internet
The Internet is a wonderful thing. There are a number of web sites online that will find the average selling price of houses in your area. A visit to http://www.BrevardHouseValues.com will submit your information to a local Realtor who will contact you with an estimated value for your home. This is probably your best choice for getting an accurate home valuation for your Brevard County home.
Whichever method you use to find relative house values for homes in your selling area, you'll need to make some adjustments to find the best selling price for your home. Specifics that you should consider are the number of rooms, number of bedrooms, size of lot, any particularly desirable traits like a large corner lot or totally remodeled home that could be good selling points, as well as any major improvements made to your home like a pool. If the homes to which you are comparing yours offer amenities that yours doesn't, you will have to deduct some value. If yours has features that they don't, like a recent remodel, then you can add value.
While it may sound like a complex process, determining house values is a skill that you'll find important if you're selling a house. It's the best way to price your house to sell.
Contact us today for a FREE No Obligation Home Valuation. Call Larry Flecking @ 321-252-9767