SellingAHome-JenniferChristenot (1)

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what you think the home is worth; but that’s not the smartest way to go about it. For better or worse, the market has most likely changed since you purchased your home, making a fair comparison very difficult. Also, sentimental value can come into play, placing a bias on any price you determine is fair for your home. A much better way to price your home is to get an appraisal, or have a comparative market analysis performed, which will tell you how much your home is worth based on location, condition, and market conditions. Appraisals can be costly, ranging from $450 for a single-family home and even more for multi-family dwellings. They are performed by a professional appraiser who knows to look at things such as location, square footage, water front possibilities, and amenities including garages, number of rooms, bathrooms, etc. Appraisals can give you a precise number to value your property at, and they’re even defendable in court. A comparative market analysis is similar to an appraisal, but it’s less formal and not admissible in court. Because they are not official, real estate agents will often provide clients with a free comparative market analysis in hopes to gain that client and eventually, earn them a commission. Even though these analyses are informal, agents still need to evaluate your home based on accepted appraisal practices, meaning that they too will take into consideration the size and style of the home, location, condition, and what other similar homes are being sold for on the market. While these analyses don’t provide SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT 4
a precise number the way appraisals do, they can provide a broad price range from which a number can be agreed upon. Both appraisals and comparative market analyses should be submitted to the homeowner in writing. 4.) Do I need to hire a real estate agent? The answer to this question depends largely on your situation. If you are looking to purchase a home, it is very possible you can do so without hiring a real estate agent. There are tons of resources available for people looking to purchase real estate. Often, for a buyer, the only job for a real estate agent is to unlock the doors to allow you to look inside. It is completely possible for you to perform research, negotiate prices and buy a house without an agent – but for most people this is not recommended. Real estate agents often help in the closing and escrow process. You can also use a property attorney for those procedures as well. The answer to whether or not you need to hire a real estate agent gets trickier if you are looking to sell your home. It is possible to sell your home by yourself using local marketing, the internet and advertising. But using a real estate agent all that work is done for you. In short, choosing whether or not to use a real estate agent is like anything else. You can choose to do it yourself but most of the time it just makes sense to use a professional. 5 SELLING A HOME FAQ’S AND SAQ’S | JENNIFER CHRISTENOT
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Page 7 and 8: few shingles are loose on the roof
Page 9 and 10: of water damage, repairs that have
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Page 13 and 14: home, and you’re sure that the as
Page 15 and 16: clutter from your yard and driveway
Page 17 and 18: fees. 14.) Will my real estate agen
Page 19 and 20: financing, but it’s also importan

SellingAHome-JenniferChristenot (1)

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