Finding the Fair Market Value of Home
Updated: Sep 3, 2019
How you find the fair market value of your home depends on how you plan to use it. If you’re just wondering what your house is worth for no particular reason, then getting a Basic Comps Report will do just fine.
But if you need real estate comps for a more important reason, like buying, selling, refinancing or remodeling a house, then you may want to consider the most accurate way of finding your home’s value: a CMA.
A CMA is far more detailed than a Basic Comps Report. A CMA is a Comparative Market Analysis Report that not only shows all of the details and features of the properties but it also makes value adjustments for their differences.
And if your home value is really important to you, a one-on-one phone consultation from a Home Value Expert is also an option.
Our experts are real estate investors who analyze property values everyday. They can answer any question you have and offer perspectives that may never have occurred to you about your house value or project.
One-on-One Consultation with a Home Value Expert Learn various things about accurate home values & analysis:
How to analyze comps for the most accurate home value.
How to qualify for a home loan.
Low cost remodeling tips to increase your property value.
How to appeal your tax value assessment and lower your property taxes.
How to get a bargain when buying a new home.
How to sell your home for top dollar.
Get your real estate investing questions answered.
Ask about anything real estate related.
How to Compare Houses for the Most Accurate Values Whether you will be doing your own property value analysis or using a CMA, it’s important to compare the following aspects for value differences:
Recently sold properties within about a mile of your house.
Square footage total.
Finished square footage, finished basement.
How Many Rooms, especially bathrooms and bedrooms.
Garage spaces, parking spaces.
House Style (Rambler/Ranch, Multi-Level, Split Entry, etc.)
Other listed features and their values.