Everyone has an idea of what they think their home is worth.  Typically this an a number that is driven by emotion.  There are several factors that will determine what the true value of your home is.  The quickest and easiest way is to do a CMA, or Competetive Market Analysis.  This is a must if you are thinking about selling your home.  Any agent that is going to prepare a CMA for you should visit and walk the property.  Unless your home is enormous, this should not take very long.  The home does not need to be in show condition when this is done but the property condition will have an impact on the price.  Let the agent know if you are planning to do any work to your home. Once the agent previews the property they will analyze all home sales in your area for homes that are similar to yours in a certain time frame.  This analysis along with the inspection of the home will help them in determining a competetive sales price for your home.  

First Time Sellers Tip: Regardless of whether you are a buyer or a seller, the agent that prepares the CMA should be someone who lives locally in your area.  Todays technology and the internet has made it possible for virtually anyone to access comparable sales information for a particular area.  This information will likely be inadequate without having first hand knowledge of the comparables and the direct market itself.
For example, upgrades to a property will generally affect the possible sales price in a positive way.  This is true providing that the upgrades are of good quality.  Upgrades that are deemed inferior in quality or design could actually decrease the price of the home.  It is important that you use an agent that is local, lives in the area, and can personally view the property themselves. For a free CMA of your home please start by filling out the form below and one of our agents will respond to you within 24 hours.  Thanks for contacting The Gold Team!