For Sale By Owner / Pre-sale Valuation
Real Estate is often one of the single biggest investments a family makes. When it comes time to sell your real estate you want to maximize your return on that investment. Homeowners usually know approximately what their real estate is worth, but don't know the true market value of their own home.
If you're using a real estate agent they should perform a Comparative Market Analysis (CMA) to estimate the market value of your home. So long as there are enough homes that have sold recently in your area that are similar to your home, the CMA provided by your agent should be a fairly good estimate to set a sales price. However, if your home is unique or if you live in a rural area or any area without enough similar comparable properties or if you disagree with the agent then a home appraisal is a great tool to use - the last thing you want to do when selling your home is to put it on the market without knowing its full market value.
Sometimes homeowners rely on online sources, such as Zillow.com, to determine the market value of their home. While such sources offer good for ballpark figures there is a certain amount of error from automated valuation methods. For example based on data published by Zillow.com in December 2018, in the Sacramento area 62% of homes sell within 5% of the Zestimate and 82% sell within 10%. If your home is estimated to be worth $500,000 then 82% of the time the market value could be as low as $450,000 or as high as $550,000 - a difference of $100,000!! In addition automated valuation methods do not take into account any unique characteristics of your home.
Let us help you make the most of your investment by empowering you with the knowledge of the full market value of your real estate.
