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What is the Market Value of Your Newport Beach Home

What is the Market Value of Your Newport Beach Home

Market Value of your Newport Beach Home | Newport Beach Home Market Value

You are considering listing your Newport Beach home for sale and an important consideration is establishing market value. There are several methods in which you should consider when pricing your home to sell.house for sale

  1. Internet Estimates: Many home buyers and sellers utilize internet estimates to help establish home value, however these internet estimates may be inaccurate. These estimates may not take into consideration particular upgrades that you have done to your home, which increased the value. Also, internet estimates may go the other way too . . . in the event that a home is in poor repair with deferred maintenance, then the internet estimate may be too high.
  2. Professional Appraisal: You can hire an independent appraiser to come out and appraise your home. Appraisers look at prior comparable sales, within a specific time frame.
  3. Comparable Sales: Consider recent comparable sales in your neighborhood or similar neighborhood. And don’t look at sales more than 6 months previously. Most appraisers will not even go back that far when establishing value of a home. Make sure you consider similar features on property – i.e. number of bedrooms, upgraded kitchen, upgraded bathrooms.
  4. Utilize a Realtor: This is the most important consideration when establishing value. Make sure you hire a full time Realtor, that is knowledgeable of the community in which you reside. A Realtor will look at recent home sales, active, and pending status when considering the value of your home. A Realtor will prepare a Comparative Market Analysis so you can consider each feature of your home in comparison to similar properties when establishing value.

If you are considering selling your Newport Beach home for sale, and would like a complimentary market analysis of your home, please contact me.

 

 

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ABOUT ME

Sharon Paxson is a full-time REALTORĀ® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyerā€™s, Sellerā€™s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with aĀ top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

REAL ESTATE BROKERAGE SERVICES

  • Newport Beach Homes for Sale/Sharon PaxsonĀ®
  • Newport Beach area buyers, sellers, renters
  • 1100 Newport Center Drive
    Newport Beach, CA 92660
  • 949-280-0681 | DRE 01501912

DISCLAIMER

DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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