How to Determine the Value of Your Home the Right Way

Establishing a home’s value can be both exciting and complex at the same time!

Are you getting ready to sell your home in Heritage Springs Trinity, FL? Like a lot of home sellers, we know you have a deep

connection to your home.

You want to do it right, from preparing it up to learning how to detach yourself from your home so you can get the best deal for it.

The most essential step that you need to remember is determining the value of your home. And to help you better come up with the

best estimate of your property’s market value, we’ve come up with our 5 most proven to work tips.

Mastering the art of comparables or “comps”

Comparables (or comps) is a valuation technique where you would look recently sold houses that are similar to yours to

determine the value of your own property. When you need to know your home’s value, consider this as the “subject

property” and the sold houses as “comparables”.

As a REALTORⓇin Heritage Springs in Trinity, FL, I can help you:

* Access the data resources that will show us the comparable sold homes in the last six months* Select the top three “comparables” that have resembling style, age, amenities, lot size, number of bed and bathrooms, year it was built* The square foot size should not have more than 200 sq. ft. difference

* The most challenging part of this process is adding and adjusting the final sale. If you have a newer and bigger house, add to the final sale price to compensate for the difference. If the top three comparables are bigger, do the opposite. Subtract from the final sale price. It becomes difficult because the amount you add or lessen depends on the region.* Finally, you can add the final sale price of the three homes to divide it by the same number to get the average final sale. This will be the estimated value of your house.

While getting the prices of these listings will give you a pretty clear idea of the competition, please don’t forget that this is not the

actual value of your home and those of comparable properties.

I’d be delighted to prepare a Comparative Market Analysis (CMA) for you. This will let me see properties that are sold, expired, sales in pending, or

those listed for the recent months. I can personally visit your home to assess its condition and whether or not any additions or upgrades are needed.

Do you need to hire a REALTORⓇ to help you with these dealings?

The answer is a big YES!

My family and I have found our haven in Trinity, FL where Heritage Springs is located and I know this place like the

back of my hand. Call me, Victoria Legrow, at 813-679-7437!