The Outsider

Good Morning!

It’s your favorite Real Estate duo gracing your inbox as usual.

Today, I would love to give you some insights on Home Value.

Please beware that real estate advice is not a one size fits all. Your Real Estate Plan should be tailored fit to your needs.

If you’d like to know more about Current Home Prices in your area Click Here!

Let’s get Real!

Home prices in the last 3 years have been going higher then skirt hems in the 60’s!

To make matters worse, homes are listed at one price and expected to sell for a completely different, much higher price. There are multiple offer being thrown at sellers and buyers are left confused, deflated and overall tired of the click and bait.

Wondering if you are overpaying for your home is a natural and reasonable question. But fret not: I came to your rescue!

So, how do you determine the value of a home?

You may believe Realtors are going willy nilly and using your money as a plaything and I can assure you that’s not the case. At least, not for most professionals.

Even tho it can be hard to determine how much a home will sell for (after all, buyers have different motivations, timelines, terms, etc) a trusted realtor can determine the value of a home with somewhat accuracy and, therefore, ensure you don’t over pay.

Your Realtor will provide you with a CMA (Comparative Market Analysis).

A CMA allows you to gather a handful of comparable properties based on location, school district, size, construction type, square footage, lot size. It also includes any updates done to the house. After comparing several like properties, your realtor will come to a range of value that your home may be worth in the current market.

Based on this report and your specific situation, agents are able to craft the best, most competitive offer they can.

One more thing to note is that if you are applying for a mortgage, your lender will perform a separate CMA, called Appraisal, to determine they are not lending more than what an asset is worth.

In conclusion, don’t buy a property that you cannot afford. Talk to a realtor your trust and be thorough in the market analysis and don’t pay more then what the comps are showing you.

Want to chat about Home Ownership? Contact Mee Today

In the meantime:

Make sure you follow us on Instagram!

See our insights on X (also known as twitter).

Follow House.Roc Spotify Playlist curated to make your Home Ownership journey more enjoyable.

If you’d like to schedule a personalized Complimentary Consultation with Mee, click here. 

To ask any questions, troubleshoot any ideas or just chat about Real Estate talk to mee here or just answer directly to this email.

Share this Newsletter with the world if you find it useful!

I’ll see you Wednesday!

Your favorite Realtors,

Filipa & Emmy