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If you want the most accurate price opinion,
be sure you select an appropriate professional
with the level of expertise, and resources,
to conduct a proper evaluation.
There are various resources that contribute
to home value estimates:
Licensed REALTOR®
REALTORS® typically work
for a Buyer or Seller of property. At Lakes Sotheby's,
our REALTORS® perform a Comparative
Market Analysis (CMA) to determine a home's
value. The CMA is a study based on a physical
examination of the home, including the home's
features and condition; the current market
conditions; and a review of other comparable
homes - what they sold for and when they
sold.
Our goal is to sell the home at the best
price in the shortest amount of time. The
recommended list price will be a reflection
of our analysis and what we feel the home
will actually sell for in today's market.
Be assured that when you get a GreatMinneapolis
CMA, we draw on the expertise of all the
REALTORS® in our office.
With an average of 20 years experience in
the Twin Cities real estate market, our
REALTORS® really know the
market!
Certified Appraiser
Appraisers typically work for a mortgage
lender. They determine value in much the
same way that most REALTORS®
do. However, because they are usually doing
the appraisal for a lender, the goal of
the appraisal is to confirm the home is
worth the value of the loan.
Assessor
An assessor is a county official who determines
value for the purposes of taxation. The
taxable value of a home is usually less
than the market value, but not always. You
can find out the taxable value of a home
from the county in which it is located.
Zillow.com
Zillow is a Web site providing estimates
of home values. By looking in public databases,
like county records, and using a "proprietary
algorithm," Zillow estimates a home's value,
something they call a "Zestimate."
Zillow can be a lot of fun, but it's not
always accurate. The benefit is that no
one has to leave their computer. The drawback
is that it doesn't physically look at the
property, or neighborhood.
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express written consent of Lakes Sotheby's International Realty . The information herein is believed to be accurate and timely,
but no warranty as such is expressed or implied.