There are numerous approaches to determining the value of a property. The two most common methods are:

• Competitive Market Analysis (CMA): A real estate agent or Realtor usually does this for either a buyer or seller. This approach compares the price of the subject property with recent sales of similar homes.

• Appraisal: This is a more detailed method. The professional appraiser must be licensed and they carry more legal weight than a CMA.

A Competitive Market Analysis is free. A professional appraiser will cost around $275-$300 and in most cases the fee is paid at the time the service is rendered.
Most sellers want an idea of what their home can sell for and will often have an appraisal done at their expense or will call an agent (or a few agents) to get an idea about the value of the home.

Lenders require that an appraisal be done before the home is sold and request a professional appraiser. If the property do not meet or exceed the offer price, a problem occurs. Lenders typically base their loan amount on whichever is lower.
Knowing what your home is worth is important information to have if you are thinking of selling your home.

Using the information you submit to us in the form below, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in your area.

Our information is taken from the Multiple Listing Services which contains current market data. We will be able to determine what your home might sell for if you decided to put it on the market.

There is no cost or obligation for this valuable service.