Let us help you and your family. We know real estate
If you are in the market to buy or sell a home and you would like a professional to represent you, please call Bill Brynelsen at (815) 575-1601 or send email to info@mypadd.com.
Determining Your Home's Value
Making the decision to sell your home is often affected by what your home is worth, but how can you find its value? A good place to begin is with a Comparative Market Analysis (CMA) or appraisal. The CMA, which is performed by your qualified real estate professional, estimates the value of your property based on a number of factors including other recent sales and sale prices, community factors, etc. If you have made the decision to sell your home "By-Owner", have the property appraised. Very few if any real estate agents will tell you to call at least three different real estate companies to provide you with a CMA. The reason they would rather you didn’t call any one besides them is, real estate agents know that close to 72% of the time a home seller will sign a contract to sell with the first agent they sit at the kitchen table with. Don’t Sign Anything until you and your family has had time to review all of the proposed listing prices of your home. Remember, the MLS and a proper listing price are the most important factors in getting your home sold!
What Determines A Property's Value
For many of us, the place we call home has an intrinsic value. It has meaning for us, our children, our family, and that value is often different from what the market value of your home may be. The property's value, or market value, is determined by a number of factors including:
Property Features
Obviously the first place to begin when establishing the value of a home is to look at its features including the number of bedrooms, number of bathrooms, total square feet, size of the kitchen, etc. A home that is well suited to a variety of potential buyers has a greater demand, hence a greater value.
The Neighborhood
A safe, attractive neighborhood will result is higher property values. Your neighborhoods location, its streets, and even its residents can play a big role in the value of your home.
Amenities
Amenities are like intrinsic benefits of living in your neighborhood and they add to the value of your home. Being close to schools, near parks & recreation, bike paths, shopping, etc., can have a major impact on the value of your home. Why? Because the greater the benefits of purchasing your home, the higher its value will be.
The Community
The value of your property can also be determined by the community and its services. Good schools, easy access to highways or transportation, property taxes - these are all things that make a place more appealing to the homebuyer. If your community has a thriving economy, sound government and city services and low crime rates, it generally translates into stronger property values.
Determining the value of your property can be a difficult task because the conditions we described above are only a few of the factors, which can influence the ultimate price you receive. Some other factors include the number of homes on the market, the number of buyers looking for your type of home, even the interest rates available. All of these factors can play a role in the market value.
What You Can Expect From Bill Brynelsen
Having an agent to represent you during the sale of your home is an easy decision to make. The hard decision is who to hire. So, why should you work with Bill Brynelsen on your next home purchase? To learn more about New Market Realty, Inc. Inc. and Bill Brynelsen Click Here.
Getting Started
If you would like to work with Bill Brynelsen, we invite you
to give us a call at (815) 575-1601 or E-mail us at info@mypadd.com
Bill will contact you to discuss starting your home search.
Bill Brynelsen, New Market Realty Inc, provides real estate services to McHenry County Illinois and the communities of Algonquin Illinois, Cary Illinois, Lake In The Hills Illinois, Crystal Lake Illinois, McHenry Illinois, Spring Grove Illinois, Huntley Illinois, Hebron Illinois, Richmond Illinois, Wood Stock Illinois, Wonder Lake Illinois, Johnsburg Illinois and surrounding communities.
