MARKET ANALYSIS
How Much is Your Home Worth?
- Instant property valuation
- Expert advice
- Sell for more
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Sophia Yzerman
REALTOR®
About Me
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Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to sell it for.
This tool provides a more robust, accurate assessment than you’ll get from the major real estate portals. For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.
A home valuation is an assessment of your property’s current market value, considering factors such as its location, size, condition, and recent comparable sales in the area. It’s a critical step in real estate transactions, helping homeowners make informed decisions whether they’re planning to sell or simply understand their property’s worth. As your trusted local real estate expert, I provide personalized, thorough home valuations to help you achieve your real estate goals with confidence.
Your home's value is determined by analyzing a variety of factors, including its location, age, size, condition, and any upgrades or renovations. Recent sale prices of comparable homes in your neighborhood, along with current market trends, local inventory levels, interest rates, and buyer demand, also play a significant role. As your trusted real estate expert, I use a combination of professional expertise and market insights to provide you with an accurate and personalized valuation, ensuring you have all the information you need to make confident decisions about your property.
Online home valuations are a great starting point, offering a general idea of your property’s worth. However, they often overlook important details like recent renovations, unique features, architectural charm, or specific market trends in your area. For the most accurate and personalized assessment of your home’s value, I recommend scheduling an in-person evaluation. As your local real estate expert, I can provide insights that online tools might miss, helping you understand your home’s true market potential.
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Two Accurate Ways to Perform Home Valuations
MARKET ANALYSIS
A Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. By analyzing recently sold properties similar in size, location, and features, a CMA provides a detailed sales comparison to determine what your home might sell for in the current market. As part of the process, I evaluate key differences between your home and comparable properties—such as upgrades, condition, or unique features—and adjust the values accordingly to ensure an accurate estimate. A CMA is a powerful resource to help you set the right price when selling your home or to understand its value if you’re considering other real estate decisions.
APPRAISALS
An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The final report includes detailed insights and a breakdown of how the value was determined. While appraisals are essential for lenders, if you’re considering selling your home, I can provide a complimentary market analysis to give you an accurate understanding of your property’s value and its potential in the current market.