Your Free Home evaluation

Thank you for your inquiry for a free home evaluation. We look forward to assisting you with your real estate needs. 

Below we have provided some Frequently Asked Questions to get you started. Click on “Email Us” and we will reach out to you with more information

Frequently Asked Questions?

Is a thorough evaluation of recently sold homes (comparables or “comps”) that are similar to a property under consideration. Real estate agents and appraisers conduct CMAs to estimate a property’s fair market value by comparing it to similar properties that have recently sold in the same area. The goal is to determine a competitive listing price for sellers or to help buyers make informed decisions about the fair market value of a property they are interested in purchasing.

Whether you’re looking to sell, refinance, or buy a new home, understanding how properties are valued in today’s market is crucial. For your current home, an accurate valuation can help you estimate potential sale proceeds or determine the amount of equity you can borrow against. If you’re in the market for a new home, this knowledge can guide your budgeting and help you identify the best prospects. Additionally, comparing similar homes in the area ensures that your offer is competitive.

Start by entering your address in the Home Value Estimator tool. You’ll receive a comprehensive report detailing your home’s estimated value, price per square foot, property specifics, and sales history of your home and nearby homes, along with their corresponding sale values. If you decide to sell, we can provide a well-informed estimate, considering your home’s unique features, location, and current market conditions.

One key factor in determining a home’s value is the fundamental concept of supply and demand. Simply put, when there are more buyers than available homes, competition drives prices up. Other significant factors include the size and usable space of your home and property, as well as the age and condition of the house. Investing in renovations can also increase the amount a buyer is willing to pay.

Location is crucial, encompassing the quality of the local school district and the proximity to employment, entertainment, and natural resources. Recent sales of comparable properties in your neighborhood are also essential for calculating your home’s market value. 

No, a Comparable Market Analysis (CMA) is not the same as an appraisal. While both involve determining the value of a property, they differ in several key aspects:

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We look forward to helping you!

As your real estate experts in your neighborhood, we look forward to assisting you with all your real estate needs.

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2508 Thomas Street