What’s My Home Worth?
“What’s my home worth?” is a question on every homeowner’s mind at some point in time. The easiest way to learn your home’s value is to get a home value estimate or a CMA. (Comparable Market Analysis). This is a free service I offer to help you establish your home’s value range. This should not be used in situations where an appraisal is more appropriate (such as settling an estate or calculating a final divorce settlement.)
CMA: What Is It?
While a CMA or home value estimate is not an appraisal, it does give homeowners a snapshot of the current real estate market conditions. Your home will be compared to similar homes in your location and a value range will be identified based on recent comparable sales. Unlike automatic online value estimates, your home value estimate will be customized, taking into consideration the unique features of your home and the comparables chosen.
Furthermore, only the most relevant properties will be compared with your home and included in your CMA. Sometimes, adjustments need to be made to make the comparable properties more closely match your home. Differences in square footage, the number of bathrooms, acreage, and garages are common adjustments added to the CMA.
Home Value Estimate: Areas Covered
I can provide a home value estimate or CMA for any home in Pike and Wayne County.
Locations include Hawley, Lackawaxen, Lake Ariel, and the Lake Wallenpaupack region. In addition, areas covered include Lakeville, Tafton, Greentown, Greeley, Newfoundland, Honesdale, Beach Lake, Shohola, Milford, and every town in between.
Some of the communities where I sell homes & can provide a CMA are Masthope, Fawn Lake Forest, The Hideout, and Wallenpaupack Lake Estates. Also included are Hemlock Farms, Skyview Lake, Tink Wig, Tanglwood, Indian Rocks, and other communities in the northern Poconos. If an area has a large number of homes being sold, finding comparable properties for the CMA is relatively simple. Conversely, areas with fewer home sales may require flexibility when creating a home value estimate.
Regardless of the exact location, I can help answer your question of “What’s my home worth?”