What's your home worth? Opinions, oddly, do not count, except in very high-end, multi-million dollar negotiations. For the rest of us, here's how it works.
The first 3 weeks of a "home for sale" lifespan usually determine your top dollar. Overprice your home and you miss the critical 3-week window. You end up cutting your price to find a buyer. You lose money because of it. Underprice your home and you sell it fast, but you leave money on the table.
There's no magic in determining the value of a home. Just hard work. Banks do it every day before they write mortgages. And the mortgagable value of a home IS the value of a home, because that's the benchmark a buyer can borrow against from a bank to buy your property.
Smart cash buyers know this and often establish the price during negotiations with the help of a mortgage broker or mortgage banker. It costs buyers a fraction of the ultimate contract to establish the value of a home this way. Many smart buyers do it.
Since the last gasp of Lehman Brothers on September 15, 2008, lenders have stopped lying about home values. They prefer truth to jail time. Sadly, there are still some exceptions to this.
If you would like a mortgage-style real estate estimate, we can prepare one for you. Banks often ask real estate agents to do this. It is NOT an appraisal. By law, we cannot call it that. But, if a real estate appraiser were to perform a "bank" appraisal on your home, the result would be startlingly similar to the one we give to you. Send us an e-mail with the word VALUE as the subject, and please include the address of your home. We will contact you within 48 hours.
If you want to sell your home on Open Bid, commission-free, click on the banner immediately below:
Address: 3755 Mykonos Court, Boca Raton, FL 33487
Office Address: Templeworks Properties, LLC, 3755 Mykonos Ct., Boca Raton, FL 33487
Disclaimer: The information at this real estate site and on this page is believed to be accurate, and it is offered as such, with no guarantees or warranties, implied or otherwise. All prices are subject to revision due to real estate market conditions. Some information may be compiled from FlexMLS, Inc., for the period covered by the open bid web page information. In such cases, the representation is based in whole, or in part, on real estate data supplied by the FlexMLS, Inc. FlexMLS, Inc. does not guarantee or is not in any way responsible for its accuracy. Real estate data maintained by FlexMLS may not reflect all real estate on the market.