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Where to Find the True Value for Your Home

woman surrounded by question marksEver wondered what your home is worth?

Want to know where to start looking?

Whether you’re just curious or are eager to find a competitive listing price, using the best resources to find your property’s value is crucial.

Today, we’re going to be talking about two types of home evaluation tools: neighborhood sold reports and comparative market analyses.

Comparing Your Home with Your Neighbor’s

A neighborhood sold report is a detailed list of homes that have recently sold in your area. They include information about the square footage, number of bedrooms and bathrooms, address, neighborhood, and, of course, the sold price.

Since sales prices are determined in part by your home’s location, as well as a neighborhood’s housing supply and demand, honing in on your own neighborhood real estate market is the best way to determine what the housing market is doing and how it can affect your listing price.

How much did your neighbor receive for his 4-bedroom, 3-bathroom house down the street? Is your listing price thousands of dollars more?

If your home is priced too high, you’ll know immediately by looking at the comparisons in the neighborhood sold report. It’s better to learn sooner rather than later, when your home is on the market and you’re feeling frustrated by the lack of home buyer interest. The same goes with pricing your home too low.

Your Home’s Value in Today’s Market

pair of glasses on a white deskA comparative market analysis, often called a CMA, is a fantastic tool to help you determine your home’s value. This report can include anything relevant about the current real estate market in your area, such as:

  • recent neighborhood home sales
  • withdrawn home listing prices
  • unique property features

The important distinction between neighborhood sold reports and comparative market analyses is that the CMAs are more detailed, and can take into account any home improvements or unique property features that buyers would be more interested in (and therefore, would pay more for).

The bottom line: CMAs help you find that sweet, sweet selling price that’s fair to you but still attracts potential home buyers.

Don’t Settle for Estimates

If you’re serious about selling your home, the market value of your property is what you’re after. Don’t settle for estimates based solely on your address or outdated information.

You’ll want to do considerable research on the current state of your local real estate market to help you determine the best listing price for your home. If you need help along the way, our real estate experts are always happy to offer assistance.

Sell Your Property with Our Real Estate Experts

We offer both a neighborhood sold report and a comparative market analysis, and we can work with you to determine the best price for your property. And if you’re eager to get the results you’re looking for in your home sale, list your property with our dedicated real estate team.

Contact us today to get started!

About The Adler Home Team

When looking to buy or sell in Northern New Jersey, you may rely on The Adler Home Team and their intimate knowledge of the distinct communities throughout the region. Jeff & Debby Adler continue to lead with contribution and have served over 1,100 families in their 20 year experience in Northern New Jersey. Through their combined efforts, this team of eleven professionals is very diligent in serving a full array of clients from first time buyers to those seeking their expertise in Residential, Condos, Townhomes, Luxury, New Construction, Relocation, Short Sales, Foreclosures and Rental Properties. By accessing the very best in technology, current market data and creative marketing applications, The Adler Home Team takes every measure to ensure that their clients are educated and provided with the critical insights that meet their specific requirements. They teach, lecture and train at the national level on negotiation skills, marketing and team building. The Adler Home Team is most proud and thankful for their strong referral business that confirms their talents, creativity, professionalism, diligence, knowledge, and outstanding integrity. The Adlers look forward to forming a partnership with their clients to help them reach their goals and make smart business decisions. So, when it comes time for you, a friend, or a family member to make a move, trust the Adler Home Team to win for you. Google

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