We will first visit your property to analyze  its size, condition and location. We will ask you what you think are the property’s key amenities and what inspired you to buy it in the first place. We have prepared handouts which offer tips on making the property more marketable and how to prepare the property for showings.

Then we will look at comparable sales (also known as ‘comps’) in our comprehensive database of recently sold properties as well as  pending sales. Based on these comps we will provide you with our best estimate of what the property is worth in today’s market. We will also show you what other properties are currently on the market with which you will be competing.

The comparative market analysis is different from an appraisal which is carried out by a certified appraiser. Usually ordered by the lender, the purpose of the appraisal is  to determine if the property’s value is sufficient to justify the loan amount. An appraiser also considers  the cost of constructing any buildings on the property as well as the price for which similar properties have sold.  There are many kinds of appraisals in addition to those requested by lenders. These include valuations for estates, divorce settlements, condemnations, refinancings, or simply may be ordered by a seller to help establish a base-line on which to determine the asking price.