What's Your Home's Value?

There's nothing like the price opinion from a professional with profound knowledge of the local market. Other websites do an electronic price finding, often inaccurate since it fails to consider the unique conditions of our area and your home's comparables. You don't want to trust your hard earned equity to a computer thousands of miles away from Miami!

Find the True Market Value of Your Home:

The market value of your home is estimated by real estate agents and appraisers considering many factors, primarily comparing your home to properties recently sold in your area. It's not realistic to estimate the price of your home by what you heard the home down the street sold for, or by the price other people are asking for their homes. (See our tips on how to price your home).

Orlando Garcia will provide you immediately with a comprehensive analysis of your home's true market value. Complete the information below (we do not sell or share your information) to receive a professional market analysis of your home's present value.

What Is Market Property Value?

It’s an objective opinion of value, but it’s  not an exact science so opinions may differ. For buying and selling purposes, opinions are usually based on market value—what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.

Market value is not a constant number. Changes in market conditions can dramatically alter property value. The market value of a property doesn’t consider special considerations, like the need to sell rapidly. Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.

Tips on How to Price Your Home

-Consider comparables: what have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?

-Consider competition: how many other houses are for sale in your area? Are you competing against new homes?

-Consider your contingencies: do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in four months?

-Be accurate: studies show that homes priced higher than 3 percent over the correct price take longer to sell.

-Know what you’ll accept: it’s critical to know what price you’ll accept before beginning a negotiation with a buyer.