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House Value

Get House Value Analysis done by Realtydirect.com

Do you have plans to sell or buy a property but you don't know what price to sell for or offer? A house value analysis can help give you the information you need to determine the highest possible value for your house. The house value analysis will give you the true market value of your property. Buyers can potentially save thousands of dollars by making the right offer and seller and can lose thousands by not taking the time to have a house value analysis done by a professional. The Federal National Mortgage (FNMA) states, "Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, (whereby) the buyer and seller, each (are) acting prudently, knowledgeable and assuming the price is not affected by undue stimulus." Factors influencing the valuation process

For valuation of a house when you are using comparable properties you have to find the features that are similar in other comparable properties. You should analyze these features. After recording the data you will have to select the appropriate comparable data. The next step is to make adjustments in the data. Some of the parameters that are important to consider while determining a house value are neighborhood area, total square feet of living space, number of rooms, bedrooms, baths, selling time (preferably within 4 to 6 months, sales price within the general market price of your house, quality of construction, property site and view, swimming pool, fire place(s), remodeled kitchen, kitchen equipment, etc.

The Federal National Mortgage Association (FNMA) puts it this way: The subject property (Your house) is the standard against which the comparable sales are evaluated and adjusted. Thus, if an item in the comparable property is superior to that in the subject property, a minus (-) adjustment is required to make that item equal to that in the subject property. Conversely, if an item in the comparable property is inferior to that in the subject property, a plus (+) adjustment is required to make that item equal to that in the subject property. In other words, if a comparable sale property has a major improvement that your property does not have, make a minus adjustment to find the subject house value.

A house value analysis will give an estimate of the current market value, highest and lowest reasonable price range, neighborhood property value average, comparable sales data and details of property like living area, number of bedrooms, baths, stories, tax assessment and previous sale data.

An appraisal is the process of a house value done by a state licensed appraiser. This type of house valuation will consider a variety of factors like the location of the house, the age, condition and prior sales. The size and features of a house will also significantly determine the house value. A house value analysis, also know as a competitive market analysis or complete market analysis is a report generally completed by a professional real estate agent. This type of study not only factors in prior sales information but current market conditions as well. Many times the house value analysis will be a more accurate source of information because market conditions can change very rapidly. By using the house value analysis approach to value your house you can accurately determine the value of your house based upon the most current market conditions.

Taxes laws, government rules and regulations and the type of housing sector will also influence sales prices in various market segments such as luxury value houses. House values can also be influenced by the type of construction be it block, frame or other substance.

House Value

House Value and realtydirect.com

Realtydirect.com provides full service to its clients, including a complete house value analysis prepared by their expert property consultants. They have expertise in the area finance, risk management, and property management.

House Value



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To determine the value of your home or a home you are interested in purchasing, it is best to get some professional help. At Realty Direct, our home values analysis will allow you access to all the information you’ll need to make an educated decision about the value of your home or a home you have an eye on for investment.

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House Values

Using comparable features and locations, houses can be valuated and appraised. If it were as easy as it sounds, buying and selling homes would be done without agents all the time. But to be fair to both the buyer and the seller, it is always best to have a house value analysis done. Realty Direct can offer that to you — and at a price that is more than reasonable.

House Value
 

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