- What comparable/similar homes are selling for in your area.
- The value of recent improvements.
- Income from renting out a room or space on the property.
- How much it would cost to rebuild on the property.
- External characteristics, such as lot size, home style, the condition of the home and curb appeal.
- Internal characteristics, such as the number of rooms and their size, the type and condition of the heating or HVAC system, the quality, and condition of construction, the flow of the home, etc.
- The sales price of comparable homes that have sold in your area.
- Supply and demand; that is, how many buyers and sellers are in the area.
- Location; that is, the quality and desirability of your neighborhood and other community amenities.
- Lot size
- Square footage
- Homestyle or similar architecture
- Age
- Location
- Your local assessor’s office is able to provide a list of recent sales you can browse and compare or a sales history of a particular house, home style or neighborhood.
- Your municipality. Many cities keep local sales information in their offices or post it online.
- Online databases, such as a real estate database
- Your local newspapers may offer some real estate information in the form of quarterly sales reports in the business or real estate sections of the newspaper.
- Our office. We regularly do Comparable Market Analysis of homes in our local area.
- Is the architecture and exterior structure of the home consistent, superior or inferior to other homes in the area?
- Does the era or genre (Modern, Victorian, Ranch, Cottage, etc.) add a premium based on current design trends?
- How does the floor plan and room size proportions of the home compare to other homes on the market?
- How does the kitchen compare to others on the market?
- Updated or outdated
- Floorplan
- Appliance packages
- How does the Master Suite compare to others on the market?
- Size
- First/second floor
- Updated or outdated
- Access to Master Bath
- How does the Master Bath compare to others on the market?
- Updated or outdated
- Shower and bath
- Flooring
- Are there views, outdoor living areas or recreational areas?
- Pools
- Ponds
- Patios
- How does the landscaping and hard-scaping compare to the market? (e.g., built elements such as walkways, patios, decks, etc.)
- What is the level of repair needed to compete with other homes?
- Does the home need to be staged? How does it show?
- What curb appeal projects are necessary to be consistent with others on the market?
- New York State Department of Taxation and Finance https://www.tax.ny.gov/pubs_and_bulls/orpts/mv_estimates.htm
- Realtor.com http://www.realtor.com/advice/sell/assessed-value-vs-market-value-difference/
- Investopedia, http://www.investopedia.com/articles/mortgages-real-estate/08/housing-appreciation.asp?lgl=myfinance-layout
Nadereh (Nana) Rezaie, P.A. Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™
Nana Rezaie 561-660-1948
Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.
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