WHAT IS MY HOME WORTH?
Thinking of selling or just want to know how much equity you may have?
We have Sellers that come to us with valuations that they received from online sites and they often appear convincing. However, remember an automatically generated algorithm often doesn’t know:
Updates, especially special & luxury amenities, you have made to the property since you purchased it;
Accurate square footage including any new additions, finished basement/attic spaces or enclosed decks;
What your home looks like inside and how small changes. repairs or staging could increase the price sold;
If you are in an up & coming neighborhood with lots of new construction and high demand from Buyers;
How to evaluate a comparative property when it fell out of contract or sat on the market for an extended period of time;
The local REALTOR(c) that sold that comparable property or have a personal relationship with them to find out why a sale was at a certain price;
Many other factors that only on the ground local real estate experts in the area can evaluate.
Mistakes abound. We can evaluate the comparables - because we know the local market and work in it every day.
Maine is particularly challenging in that it has many neighborhoods of mixed styles and homes. Let us do the work to help you evaluate the most likely sale price for a willing buyer. We also do full Broker Price Opinions for clients, professionals and organizations.