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Understanding the True Value of Your Home

If you are considering selling your home in Columbia, SC it is important to understand the true value of your home. This is significant because you do not want to list your home for a price way above or below its market value. The following are some ways to get a very good idea of just how much your home is worth on the market.

The comparative market analysis (CMA) is an important aspect of figuring out the value of your home. The CMA is a compilation of the research done by realtors and appraisers to see what homes similar to yours have recently sold for in your neighborhood. This is vital to know because potential buyers will be relying on this same information when they are seeking a home in your area.

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Conduct Online Research

Use the internet to conduct online research for house listings in your neighborhood. Notice the pricing on these homes and compare the features to your own. Chances are these homes have been appraised are priced accordingly. Also, you should see a trend in price range with homes comparable to yours.

Consider Neighborhood Features

Both amenities within the neighborhood such as pools, tennis courts and walking paths, and proximity to grocery stores, schools and restaurants are important to consider. If you don’t have any neighborhood amenities, but the location of your home is convenient to the freeway for a quick commute, entertainment or nightlife for example, play up the location. On the other hand, if your neighborhood is not close to much, but has several features and activities within the organization, play them up.

Other Considerations

  • How is the job market in Columbia (or surrounding areas)?
  • How are the weather conditions in Columbia?
  • What are the community development plans in Columbia?
  • Is your area known for natural disasters occurring?

Believe it or not all of these questions are what many potential buyers are asking themselves when considering purchasing a home. Therefore it is just as important for you to consider these questions when pricing your home. These are some valuable tips to consider and research when seeking the true value of your home. Conduct careful research because it can go a long way in terms of the success of your home sale.

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