| Greater Montana Realty Red Lodge, Montana www.greatermontanarealty.com Seller Information |
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Appraisals & Market Value
You have several ways to determine the value of a home. An appraisal is a
professional estimate of a property's market value, based on recent sales of
comparable properties, location, square footage and construction quality. This
service varies in cost depending on the price of the home. On average, an
appraisal costs about $400 for a $250,000 house. A comparative market analysis
is an informal estimate of market value performed by a real estate agent based on
similar sales and property attributes. Most agents offer free analyses in the hopes
of winning your business. You also can get a comparable sales report for a fee
from private companies that specialize in real estate data. You also can find
comparable sales information available on various real estate Internet sites.
Appraised value is a certified appraiser's opinion of the worth of a home at a given
point in time. Lenders require appraisals as part of the loan application process;
fees range from $300 to $500. Market value is what price the house will bring at a
given point in time. A comparative market analysis is an informal estimate of market
value, based on sales of comparable properties, performed by a real estate agent
or broker. Appraisers use several factors when estimating value including historical
records, property performance, condition of the home and indices that forecast
future value. A home is worth what someone will pay for it. Everything else is an
estimate of value. To determine a property's value, most people turn to either an
appraisal or a comparative market analysis.
You have several ways to determine the value of a home. An appraisal is a
professional estimate of a property's market value, based on recent sales of
comparable properties, location, square footage and construction quality. This
service varies in cost depending on the price of the home. On average, an
appraisal costs about $400 for a $250,000 house. A comparative market analysis
is an informal estimate of market value performed by a real estate agent based on
similar sales and property attributes. Most agents offer free analyses in the hopes
of winning your business. You also can get a comparable sales report for a fee
from private companies that specialize in real estate data. You also can find
comparable sales information available on various real estate Internet sites.
Appraised value is a certified appraiser's opinion of the worth of a home at a given
point in time. Lenders require appraisals as part of the loan application process;
fees range from $300 to $500. Market value is what price the house will bring at a
given point in time. A comparative market analysis is an informal estimate of market
value, based on sales of comparable properties, performed by a real estate agent
or broker. Appraisers use several factors when estimating value including historical
records, property performance, condition of the home and indices that forecast
future value. A home is worth what someone will pay for it. Everything else is an
estimate of value. To determine a property's value, most people turn to either an
appraisal or a comparative market analysis.
Preparing the House for Sale
Making your home look as nice as possible may seem obvious. Apparently, it's not, because many sellers
don't do much beyond vacuuming the living room rug and maybe cleaning the ring off the bathtub. Several
steps people can take to make their home show better: Sweep the sidewalk, mow the lawn, prune the
bushes, weed the garden and clean debris from the yard. Clean the windows and make sure the paint is not
chipped or flaking. Be sure that the doorbell works. Clean and make attractive all rooms, furnishings, floors,
walls and ceilings. It's especially important that the bathroom and kitchen are spotless. Organize closets.
Make sure the basic appliances and fixtures work. Get rid of leaky faucets and frayed cords. Ensure that the
house smells good: from an apple pie or cookies baking, for example. Hide the kitty litter. Put vases of fresh
flowers throughout the house. Pleasant background music is a nice touch.
Buyers Info has more information about the process which may be of interest to a seller also.
Making your home look as nice as possible may seem obvious. Apparently, it's not, because many sellers
don't do much beyond vacuuming the living room rug and maybe cleaning the ring off the bathtub. Several
steps people can take to make their home show better: Sweep the sidewalk, mow the lawn, prune the
bushes, weed the garden and clean debris from the yard. Clean the windows and make sure the paint is not
chipped or flaking. Be sure that the doorbell works. Clean and make attractive all rooms, furnishings, floors,
walls and ceilings. It's especially important that the bathroom and kitchen are spotless. Organize closets.
Make sure the basic appliances and fixtures work. Get rid of leaky faucets and frayed cords. Ensure that the
house smells good: from an apple pie or cookies baking, for example. Hide the kitty litter. Put vases of fresh
flowers throughout the house. Pleasant background music is a nice touch.
Buyers Info has more information about the process which may be of interest to a seller also.
