Determining your home's value
In order to determine the value of your home, my analysis will be based on the following sources of information:
- Recent sales of properties similar to yours and in your area. Though no two homes are exactly alike, comparables do provide a basic reference in establishing a fair market value.
- Currently listed properties similar to yours. These comparables are not weighted as heavily recent sales because their actual selling prices may differ greatly from that which is being asked.
- Pending listings similar to yours. Properties that have received an offer but are not closed transactions.
I am a real estate licensee (not a professional appraiser) providing an opinion of the market value based on the following criteria:
- Square Footage
- Income and Expenses
- Number of Bedrooms
- Number of Bathrooms
Please note that while this method of establishing value is similar to that used by a professional fee appraiser; this price opinion is not an appraisal as defined in chapter 18.140 RCW, and has been prepared by a real estate licensee, licensed under chapter 18.85 RCW, who is not a state certified or state licensed as a real estate appraiser under chapter 18.140 RCW. Please remember that our market is in a constant state of flux due to changes in the economy, the rise and fall of interest rates, and seasonal changes.
Don't be blinded by dollar signs. Please remember that the estimated value of your home will be realistic and supported by the facts. The estimated value will in no way be inflated merely to obtain your business. Generally a house that is priced correctly from the start will yield the largest return to the Seller.