How much is your home worth?

How healthy is your home investment? Is it time for a check-up? You may discover that wealth has been accumulating right under your own roof.

Taking Market Temperature

A Comparative Market Analysis (CMA) is a tool—the only tool—that provides an up-to-the-minute report of home prices in your neighborhood. A recent CMA, combined with knowledge of your home’s condition relative to others on the list, gives you an accurate reading of the dollar value of your house.

Why an annual check-up?

A CMA is an evaluation captured at a particular point in time. The real estate market is constantly fluctuating with supply and demand, changing interest rates, the general economy, and current events. Clearly, a fresh CMA each year makes sense.

Is there a Realtor ® in the house?

The broad experience of a real estate professional brings insight for your particular situation. Expertise in assessing homes, together with current market knowledge, puts an advantageous combination at your service.

The Prognosis

The equity in your house could finance a college education, a retirement plan, a remodel, or a move to your dream home. By keeping your finger on the pulse of the real estate market, you’ll know when to transplant the riches from your home into your lifestyle.

But I’m not selling my house—why do I need a CMA?

• Know your equity value—don’t sit on equity you could be putting to better use.

• Know your insurance value—don’t wait for a disaster to find that you’re underinsured.

• Know your tax value—be sure tax assessments are not increasing faster than market values.

• Know your estate value—don’t leave a grieving family struggling with estate taxes.

• Know your net worth—don’t overlook the effect of increased property values.

• Know your sales value—you might change your mind about selling!

For What It’s Worth —

Comparative Market Analysis (CMA) - an objective report prepared for you as a courtesy by a real estate professional; lists homes for sale or recently sold in your neighborhood; usually includes location, square footage, number of bedrooms and bathrooms, and information such as asking price, sales price and days on the market; is essential in determining a selling price.

Appraisal - a subjective report prepared by a certified appraiser for a fee; gives an analysis of the estimated value of a home—considering square footage, construction, quality, condition, floor plan, landscaping, surrounding community, and other factors; based on the appraiser’s experience and opinions; is required to obtain a new loan or to refinance.

Please Contact Me if you need a CMA.

© 2003 Providence Systems, Inc. Used by Permission #MAR-CAP 3/03