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How We Determine The Asking Price Of A Property
Pricing a property is contemporaneous. The object is to find the value of a property relative to what recent similar offerings have sold for. In other words "what will the current market bear"?
Step One: Objective Evaluation
In the process of determining a value, our first step is to compare a subject house to those "similar offerings" using a spreadsheet we have developed for this purpose.
Price adjustments are applied to each comparable property to balance the value relative to the configuration of the subject property. The closer the comparable properties' configuration match the subject house, the fewer price adjustments need to be made.
Step Two: The Subjective Evaluation
So far, this comparative market evaluation has been completely objective. We complete the process of determining the property's value when we visit the subject property and evaluate its condition, neighborhood, and geographic location.
These are subjective considerations that will adjust Step One's spreadsheet valuation up or down, or confirm the result.
If you would like to find out what your home is worth, email us (email@example.com) with your address. When we've finished gathering our data we'll let you know the market value of your property.