We receive a number of home seller’s frequently asked questions. We wanted to highlight a few of these in order to shed some light on the home selling process. With some of these answers in hand you will be best positioned in order to make knowledgable decisions when selling your home.
Home Seller’s Frequently Asked Questions: How much is my home worth?
One of the most common Home Seller’s Frequently Asked Questions is how much their home is worth. Homes in Northern Colorado are probably worth between $2 and $2,000,000. We will complete current market analysis or CMA in order to give you a snapshot of what your home could sell for if it was on the market today. You can use this information to make an informed choice about selling your property.
How do you determine what my home is worth?
We visit your home to gather as much information as she can about your home including square footage, number of bedrooms, bathrooms, recent improvements, upgrades, condition and more. We compare this information to other similar homes that have recently sold and homes that are currently on the market. No two homes are exactly alike but we try to find homes that are most similar. Then we use this information to arrive at a value for your home.
What is the difference between the assessed value and what you told me my home is worth?
The assessed value of your home is what the county assessor believes your home to be worth for tax purposes. This amount is almost always lower than the true value of your home. The amount we have told you that your home is worth is based on a current market analysis of properties similar to your home. This provides you a market snapshot which indicates what your home would likely sell for if it were on the market today.
Home Seller’s Frequently Asked Questions: What is the difference between list price and sales price?
The list price is what we believe you should list your home for in order to net you the most on the sale of your home. The sales price is an estimate of what we believe your home would sell for if it was put on the market at the list price. Pricing your home correctly is vital to attracting the largest number of buyers. Attracting the largest number of buyers is key for getting multiple offers on your property.
Are the values that Zillow have accurate for my home?
Zillow CEO Spencer Rascoff says that Zestimates are a Good starting point. However, nationwide Zestimates have a “Median error rate of about 8%.” It can be much higher. Why are they so wrong? They have not been in your home for one thing. You need a professional agent to come in and see your home. Then they must account for all the parts of your home that contribute to its value. Only then can a value estimation provide insights for your particular property.
What are the benefits of working with you?
Lestel has been a full time Realtor since 1998. Real estate is her career. Put her Experience, Enthusiasm, Education and Energy to work for you! Contact us to get started today.