Choosing an Appraisal to Determine Your Home's Price?

Homeowners often want to know the value of their home. The most common reason is because they are thinking of selling, but there are other reasons: perhaps you are being relocated and your company intends to assist you, maybe you're thinking of refinancing you may be intending to deed a portion of the property to a family member and need to place a value on it. The list goes on… There are all kinds of reasons you may want to know your home's potential sales price. A common question is, "So where do I get an appraisal?" It’s not always necessary to get an appraisal. Let us explain a bit further: An appraiser defines market value differently than real estate agents do. Appraisers focus on recent closed and pending sales. In short, they are looking backward to use data they can document. An agent is looking towards the future, taking into account comparable sales, pending sales, listed prices, the market, average sales time, and available inventory, in order to predict a potential selling price. For that reason, a CHB agent will generally outdistance appraisers in anticipating the near-future market price of a particular home. So how do you know the real "market value" of your home? Ask your local CHB agent! Our agents have been well trained to know what the market is like "right now." They know if the market is hot -- they know if it is cold. They know if your home is over-improved for the area. They can look in the Multiple Listing Service (MLS) and see what has sold and others that have been pending for a long period of time. All of our agents have the expertise to know what your home is worth and we are always willing to share that knowledge with you. If you need an agent at some point down the road, then give us a call and give us an opportunity to show you what we can do for you. Or just ask for a Competitive Market Analysis.