What's My Home Worth

The Truth Behind the Price

My neighbor sold their home for 200 thousand, why is mine only worth 180 thousand? 

As a Realtor, that is one of the most common questions we get from sellers. Although a Realtor cannot exactly tell you what you should list your home for, we most certainly can suggest a great Market Value Assessment. ​

Market Analysis... a what?

When considering an opinion of valuation there is a few things to consider. 
The number one thing is to consider the neighborhood the subject property is situated in. If your home is 1800 sqft we want to study the market and see the comparable properties. Comparable homes can be a little bit bigger or smaller but they shouldn't be far from the subjects square footage. Ex: Your home is 1800 sqft,, a comparable can be a home that is 1650ft or 2050 sqft. Once you have your comparable properties, you will want to consider at what price they sold for. 
When a house sells for $195,000 and is 1700 sqft that means the house sold for $114.70. 

By gathering each of the comparable properties and considering the sold price per sqft then we can accurately place an opinion of value on your home! 

For more questions give me a call! 
Christian Chapa
956.763.4728