Home Evaluation Request
A market analysis graphically illustrates the comparable properties that closely match your property’s characteristics. These properties will help to find a fair market value for your property and help decide the proper listing price for your home.
Fair Market Value Has Been Defined As:
The highest price estimated in terms of money which the property will bring when the property is exposed for sale in the open market by a willing seller, allowing time to find a willing buyer, neither buyer nor seller acting under compulsion, both having full knowledge of all the uses and purposes to which the property is adapted and for which is capable of being used.
This market value definition presupposes perfect knowledge on the part of the buyer and seller. Since this perfect world rarely exists, my estimate of price is generally indicated as a range.
In evaluating your property I use many of the tools that a professional appraiser utilizes: comparable sales, competitive listings in escrow, square footage, location, amenities, and the general condition of the property. I also consider the effect of any existing financing on the property.
