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How is the Value of your Palm Coast Home Determined
By admin | July 5, 2008
Question: How is the value of a Palm Coast home determined?
A: There are several different ways used to determine the home value.
1) The first is an appraisal. And appraisal is done by a professional appraisor. The professional appraisor makes an estimate of what he thinks your house is worth based on recent sales of what he considers comparable properties, with comparable location, comparable square footage and construction.An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This is a service you pay for. The cost of this service varies according to the price of your home.
2) The second method of determing the value of your Palm Coast home is a Comparative Market Analyses. A comparitive market analyses of your Palm Coast home is considered an informal estimate. This informal estimate is usually made by a real estate agent and is based on similar sales of similar properties in your Palm Coast area. Agents frequently offer free analyses to help win business.
3) The third method of determining the value of your home is a Comparable Sales Report. Comparable Sales Reports can be ordered for a fee from companies specializing in real estate datat. If you do not wish to pay money and you want a rough idea of value you can also find information about comparable sales in your area on a variety of real estate internet sites.
Topics: Real Estate Questions |
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