Seller Resources - Articles

Selling Your Home - Appraisals & Market Value

Neighborhood Values in Fayetteville, NY and Surrounding Areas

Susan Li has been successfully helping Buyers and Sellers establish property and Neighborhood Values in Fayetteville NY and the surrounding areas, Achieve Their Goals since 2004. She has closed just under 800 respective transactions. An agent is not able to reach success rates such as this (approximately 45 transactions annually) without having the knowledge and skill set to accurately determine the Neighborhood Property Values in Fayetteville, NY and its surrounding areas. 

Susan also has a proven track record working with Investors; including those who are new to real estate investing and need some guidance or pointers; and with seasoned investors who have one property or various sized portfolios. 

Further as an agent who has been honing-in on her craft for over 16 years she is well versed in ALL areas of multiple counties while specializing in Neighborhood values in Fayetteville NY and Manlius NY including all the proximal areas and neighborhoods. Susan considers herself to be a Valuation Expert accredited as a Certified Relocation Specialist weather you are incoming or outgoing, New Construction and Luxury Home Neighborhood Values in Fayetteville NY and the surrounding areas.

 If you are in need of a Property or Neighborhood Valuation in Fayetteville NY or an area nearby or if you are simply curious about the current market call or email Susan today so she can do for you that which she has done for so many: Help You Achieve Your Goal.

What is the difference between market value and appraised value?
The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300. Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.

What is a house worth?
A home ultimately is worth what someone will pay for it. Everything else is an estimate based on the neighborhood property values in Fayetteville NY area. To determine a property's value, most people turn to either an appraisal or a comparative market analysis. An appraisal is a certified appraiser's estimate of the value of a home at a given point in time. Appraisers consider square footage, construction quality, design, floor plan, neighborhood and availability of transportation, shopping and schools. Appraisers also take lot size, topography, view and landscaping into account. Most appraisals cost about $300. A comparative market analysis is a real estate broker's or agent's informal estimate of a home's neighborhood value in Fayettevillle NY, based on sales of comparable homes in a neighborhood. Most agents will give you a comparative market analysis for free. You can do your own cost comparison by looking up recent sales of comparable properties in public records. These records are available at local recorder or assessor offices, through private real estate information companies or on the Internet.

How is a home's value determined?
You have several ways to determine the value of a home. An appraisal is a professional estimate of a property's market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a $250,000 house. A comparative market analysis is an informal estimate of market value performed by a real estate agent based on similar sales and property attributes. Most agents offer free analyses in the hopes of winning your business. You also can get a comparable sales report for a fee from private companies that specialize in real estate data or find comparable sales information available on various real estate Internet sites.

What standards do appraisers use to estimate value?
Appraisers use several factors when estimating a home's value, including the home's size and square footage, the condition of the home and neighborhood, comparable local sales, any pertinent historical information, sales performance and indices that forecast future value. For detailed information on appraisal standards, contact the Appraisal Institute at 200 W. Madison, Suite 1500, Chicago, IL 60606, 7 a.m. - 5 p.m. CT; 888-7JOINAI (756-4624).

Susan Li
Susan Li
Associate Broker
6800 East Genesee Street Fayetteville NY 13066