WHAT IS YOUR HOME WORTH?

Most Realtors use what is known as a COMPARATIVE MARKET ANALYSIS (CMA) when developing an estimated price for a home to be listed for sale. John Willard, the broker of record for BlūSky Realty, was once a Certified Residential Appraiser. Although he does not perform appraisals anymore, he incorporates theories used in the Comparative Market Analysis (CMA) along with what he terms  "APPRAISAL LOGIC" to arrive at an estimated price.

Realtors using the CMA approach will typically locate a few recent sales of homes, preferably in the same immediate neighborhood as the property to be listed for sale. They then develop a price per square foot from each sale (sales price divided by the size of the home). Although the CMA approach does have it's place in the real estate industry, it lacks individual dollar adjustments for many items such as the home's size, overall condition, bedroom count, bathroom count, number of garage spaces (if any), lot size, views, and other upgrades such as a pool, spa, air conditioning, etc.

The "APPRAISAL LOGIC" approach goes one step further. Utilizing the same comparable sales as used in the CMA, it takes the sales price of each recent comparable sale and makes individual dollar adjustments when there are differences for the above-mentioned items. 

To get an estimate of what your home is worth, feel free to call John Willard. Or, fill out the form below and include your property address. This service is free of charge.