Real estate agents calculate your home’s value by conducting a market analysis. Here’s how this works.
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If you’re getting ready to put your home on the market, how do you know what you should list it for? What factors does your agent look at in determining this?
We start with a market analysis, first on a local level and then on a broader level. We look at what homes have sold on your street and what they sold for, then we do the same thing for the entire neighborhood, even if the homes don’t look exactly like yours. After that, we look at the sold homes that are most similar to yours and check what they sold for.
I would be happy to give your home this same market analysis, even if you’re not ready to sell it yet.
From there, we expand and cover the entire general area for comparable sold homes. If you live in Ringgold, for instance, we’ll search that ZIP code for sold homes of the same style, age, and, possibly, decoration. Then we’ll look across town and see what buyers might pay for your type of home in other neighborhoods.
After we gather all of this data, then we determine your home’s price. I would be happy to give your home this same market analysis, even if you’re not ready to sell it yet. It’s a great way to plan ahead and know what your home is really worth.
If you’re interested in getting an updated market analysis for your home or you have any other real estate needs, don’t hesitate to reach out to me. I’d love to help you.
