Expert Real Estate Advice

Expert Real Estate Advice
by Christina Asad Edwards, REALTOR & Assoc Partner

Wednesday, November 7, 2007

Difference Between Appraisal, Market Analysis, and Highest Price Analysis

An appraisal is a certified appraiser's opinion of the worth of a home at a specified time. The appraisal is based on the building size, the condition of the home and neighborhood, comparable local sales, historical information, and sales trends that predict future value.

A comparative market analysis is an estimate of market value, or the price the house will bring at a specified time. Several factors are used to determine market value including sales of comparable properties, location, building size, and lot size. The market analysis is completed by a real estate agent or broker.

A highest price analysis is a combination of two analyses - a comparative market analysis and a trendgraphics report. A highest price analysis is the best tool to have when pricing your home to be placed on the market.

I provide all my clients with a highest price analysis when placing their homes on the market, so if you would like the most definitive tool to price your home to sell please contact me today!

Christina Asad Edwards, REALTOR
2006 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
http://www.teamedwards.info/
mobile or text 937-205-4741
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation

No comments: