🏠What's My Colonie NY Home Value?

If you are thinking of selling your home, one of the biggest concerns that you have to address is how much your property is actually worth.

It is highly important to set an accurate value for your home before listing it for sale. If you try to sell for a price that is too high for the home or the location, your home might get overlooked entirely.

So how do you know for sure what your Colonie NY home is worth?

First, let us take a moment to determine what true market value really means. Market value is what buyers are willing to pay for your home. It has nothing to do with how adorable you think your home is or how many special memories you’ve created there.

If you search online, you’ll find estimates of your home’s value. These are automatically generated based on public information such as tax records, sales history, and comparable sales. While they may appear convincing, these estimates do not take into consideration your home’s unique features and the overall condition of your property.

Here are some tips to help you determine the value of your home:

Evaluate your home’s features

To start with, you need to determine the features that make your home unique. If your home has a brand-new kitchen, updated bathrooms, or both, then your home’s value will be higher as compared to a home with outdated kitchen and bathrooms.

You can also compare the number of rooms in your home with that of similar homes in your area. If your property has an extra garage or a finished basement game room, your home value will be higher as compared to properties that do not have the same feature.

Get a comparative market analysis

A comparative market analysis (CMA) is a report that shows the selling and listing prices of homes that were recently placed or sold in your area. The CMA is used to evaluate how your home will fare against the competition. It includes information such as the number of bedrooms and baths, approximate square footage, size of major rooms, the age of the home, property taxes, and desirable amenities such as fireplaces and pools.

Request a CMA from your real estate agent. Your agent then will conduct an in-depth analysis of your home's worth in today's market.

Research market conditions

When determining the value of your Colonie NY home, it is important to look at the overall market condition. Are homes selling quickly in your neighborhood? Is now a good time to sell your home? Remember that home values tend to fluctuate seasonally.

The fastest way to find information about the real estate market is to simply work and consult with a real estate professional who knows your area. Your agent has access to in-depth market research which can provide you with useful statistics and information.

Are you ready to get a home valuation?  Call me now, Dawn McCurdy at 518-785-9900.

I can help you get an accurate picture of the real estate market in Colonie NY. With my years of experience, I can help you determine the true value of your home.

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