How does your property compare to other similarly priced homes? Buyers are carefully asking this question about the homes they seek every day. And we've learned historically that the vast majority of American buyers want the best value. But what does that really mean? Value is intrinsic. There are the obvious starting points - like price and size, land, view, location, condition and carrying costs. But then the complexity sets in and that's where our professional advice counts. There are many consumer sites available on the internet today that claim to assist owners with this complex question. The only site that truly gives you an estimate of valuation - and isn't a lead machine for inexperienced realtors - is Zillow.com We recommend that you become familiar with this site and get to know how it vaues your home. You can influence the valuation it provides on your property by updating the data it uses in it's calculation. And we recommend that you do this. Buyers will look to Zillow to give them an educated guess about your property. Get there first and make sure the number is adequate if not accurate. Careful evaluations about your property's potential Highest and Best Use (although we are not professional appraisers) and other significant and compelling factors that will contribute to the transaction direct us towards comparable property. At the end of the day, buyers determine which properties are comparable by the very nature of their search and selection. When we select comparables for the purposes for establishing value, we approach the process from the buyer's perspective and the moment of the market - which changes constantly. |