Selling your home.
It is an honor and privilege to prepare, oversee, and orchestrate the many steps involved in a successful sale of your home.
Many of my clients will do this only once or twice in their lifetime. I would love to outline and customize to the steps we will take to sell your home on your timeline.
The real estate sale experience may only occur once or twice in your lifetime, Stacey will outline and tailor the steps to sell your home according to your specific timeline.
By collaborating together, Stacey will develop a customized plan that ensures a seamless and successful selling experience from start to finish.
What’s Your Home Worth?
Home valuations help you understand your equity and plan ahead. Contact Stacey for a current market analysis of your property or hire a local appraiser familiar with your city’s housing trends.
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Unlocking the Mystery: How Is Your Home’s Value Calculated?
- Location, age, size, condition, recent improvements or renovations
- Recent sale prices of similar homes in the neighborhood
- Inventory trends (faster or slower market)
- Interest rates / cost of borrowing
- Current buyer sentiment
HOW ACCURATE IS THE ONLINE HOME VALUATION?
- Good starting point to offer a GENERAL estimate
- 3rd party sites do not factor in recent renovations, school district boundaries, or subjective market perception by potential buyers
- For the most accurate assessment, reach out to Stacey for an assessment of value or a professional appraisal
How Is a Valuation Performed?
1. COMPARATIVE MARKET ANALYSIS
- Evaluates 3-5 homes that have recently sold in the same area
- Identify differences between properties as well as current market dynamics
- Provides range of perceived value in today’s market
2. APPRAISALS
- Required by banks and mortgage companies for home purchases and refinances.
- Cost of the appraisal varies $900- $1600
- Report includes exterior building sketch, street map, photos of interior/exterior, map of recent sales, and explanation of how the square footage was calculated, and comment on market condition
Importance Of Home Valuation
1. REFINANCING
Lenders determine your loan amount based on your home’s current value. Understanding your home’s worth helps calculate your equity—which can lead to better refinancing terms the more equity you have.
2. DETERMINING HOME IMPROVEMENTS / ROI
If you’re planning home improvements to boost resale value, it’s important not to overprice yourself out of the market. If your home is already at the higher end for your neighborhood, excessive upgrades could make it harder to sell. Use a current home valuation to guide smart, strategic renovation choices.
3. QUALIFYING FOR CREDIT DETERMINING HOME IMPROVEMENTS / ROI
If you want to borrow cash against your home, getting a Home Equity Line of Credit (HELOC) could be a good option. To qualify, you must have a certain level of equity in your home. The lender will require a home valuation to approve the loan.
4. PLANNING FOR THE FUTURE
Knowing the value of your home will help you plan for future expenses (tuition) or unforeseen circumstances like a quick relocation. Having an idea of how much equity you have in your home and how much you may be able to borrow / sell for will help you respond to any financial curveballs that life throws at you.
Compass Concierge
Compass Concierge is the hassle free way to
sell your home faster for a higher price.
Contact me today and let’s get your move on.