What is your home worth? What is the fair market value of the new home you plan to purchase?
Evaluating fair market value requires a comprehensive view of the current market and trends as well as due diligence to find the most relative properties with sales pending or most recently sold within the past 90 days. In addition, a long term perspective (past 5 – 10 years) provides home sellers and home buyers with a bird’s eye view of overall market strength and clear indications for the impact of external market conditions on home sale prices.
For the past several years, our local markets have experienced record-breaking increases in home sale prices for properties in very good condition and perceived as being priced fairly. Even in the best of markets, not every home will sell at the asking price or sell at all.
Intimate knowledge of the local market is imperative when evaluating home values. Be sure to work with a local real estate agent who exhibits detailed knowledge about many similar homes you are seeking to purchase or the current home you plan to sell.
For a glimpse at the local market statistics:
- Arlington, MA Market Statistics by Tamela
- Belmont, MA Market Statistics by Tamela
- Cambridge, MA Market Statistics by Tamela
- Somerville, MA Market Statistics by Tamela
- Medford, MA Market Statistics by Tamela
Contact Tamela today to schedule a Home Buyer Consultation or a Residential Marketing Consultation to receive in-depth market statistics and trend analysis from 1999 to 2020 as well as the current market timing.