What is a Home Evaluation?
The most common method for determining home value involves an analysis of comparable sales. With this approach, recently sold homes similar to yours in size, age, and condition are identified as “comps,” which serve as a baseline for calculating your own home’s worth. Any differences in your home that would add or subtract value, such as an extra bedroom or aging roof, will factor into the calculation. There are different ways to gather the data and information necessary for this type of analysis.
I will pull from publicly available records, gather real estate transaction data, and determine any updates of their property. An algorithm is able to make sense of those numbers instantly, resulting in a real-time valuation. I will be able to go a step further and access comps from your local MLS and even conduct a walkthrough of your property. These steps give me greater insights into the area and the ability to provide you with a comprehensive comparative market analysis (CMA).
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