If you are Selling Your Albuquerque Home, you have come to the right real estate sales company! At Corder & Company, we have come up with some useful and important information when considering selling your home.
Selling Your Albuquerque Home:
Determine how much your home is worth by filling out our Valuation Request Form
Your real estate agent can provide a comparative market analysis. As your real estate agent, we will also give you an informal estimate of value based on the recent selling price of similar properties Reviewing comparable homes that have sold within the past year along with the listing, or asking, price on current homes for sale should prevent you from overpricing your home or underestimating its value.
A certified appraiser can provide an appraisal of a home. After visiting the home to check such things as the number of rooms, improvements, size and square footage, construction quality, and the condition of the neighborhood, the appraiser then reviews recent comparable sales to determine the estimated value of the home.
You also can check recent sales in public records, through private firms, and on the Internet to help you determine a home’s potential worth.
How do you determine how much a home is worth?
A home is ultimately worth what is paid for it. Everything else is really an estimate of value. Take, for example, a hot seller’s market when demand for housing is high but the inventory of available homes for sale is low. During this time, homes can sell above and beyond the asking price as buyers bid up the price. The fair market value, or worth, is established when “a meeting of the minds” between you and the buyer takes place.
What’s the difference between the list price and the sales price?
The list price is your advertised price, or asking price, for a home. It is a rough estimate of what you want to complete a home sale. A good way to determine if the list price is a fair one is to look at the sales prices of similar homes that have recently sold in the area. The sales price is the actual amount the home sells for.