“There is more than one way to determine how much your home is worth,” notes Price. “A comparative market analysis and an appraisal are two of the most reliable methods, and often it is worth doing both to get a good feel on where your pricing should lie.” A comparative market analysis is an informal value estimate based on the selling prices of similar properties in your area, usually sold within the past year, as well as the asking price on sales in your neighborhood that are currently for sale. “Taking a look at both of these factors—homes in your demographic currently for sale and homes recently sold—is a great way to avoid over or under pricing because, chances are, buyers are going to be looking at those properties, too.” 

Getting an appraisal by a certified appraiser is another way to get a handle on the value of your home. “An appraiser comes to your property to inspect the types of things that will affect your home’s worth, such as size and square footage, number of rooms, neighborhood statistics and any work that needs to be done on the property,” says Price. While the appraised value, the price determined by an appraiser, can be different than the market value—or what the house is worth during a given market—getting an appraisal can still be a helpful guideline. 

“The listing price, what you ask for your home, and the sales price, what your home actually sells for in the end, may be very different, but doing research and finding a realistic selling price right from the start can negate disappointment and frustration while you look for a buyer,” explains Price. 

If you’d like to speak with an experienced Frederick Maryland real estate agent who has your best interest in mind, please contact me with any of your real estate or mortgage questions toll Free, 24/7, at 1-800-395-9636 x7 or E-mail me at bill@homes2price.com. My Office number at Real Estate Teams, LLC is 301-695-3020 x2793

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Republished With permission by RISMedia © Copyright 2011

I am a long time Maryland resident having graduated from Annapolis High School, Johns Hopkins University (BSE) and the University of Maryland. I graduated from University of Maryland with a Masters degree in Engineering. I earned my REALTOR license in 2002 and the Graduate REALTOR Institute designation, GRI.

My focus is to assist my clients achieve their objective in their real estate transaction while saving them time and money. I believe that Real Estate Sales is about helping people.TM My goal is to help people save time and money by assisting them to buy and sell homes in the Maryland Counties of Frederick, Carroll, Howard, Montgomery and Washington. 

Some cities I specialize in are Frederick, New Market, Mt Airy, Middletown, Walkersville, Brunswick, Thurmont, Myersville, Ijamsville, Urbana, and Woodsboro.