uestions & Answers
1. What is the difference between Market, Assessment and Appraisal values?
 
Market value is the most probable price that your home will sell for in an open market under current conditions.
Appraisal value is given by a state certified appraiser in the form of a formal written estimate or opinion and is an impartial estimate of property with description and supported by presentation and analysis of relevant data regarding the home and the current marketplace.
Assessment value is a price placed on land and buildings by a government tax assessor for use in levying property taxes. The assessed value of the property may be different than the appraised value.
Home value is important as it determines the market value of your home which, in turn, will help you decide the asking price. Home value determined by real estate experts will give you the true market value of your property.
2. What are the advantages to listing my property with a real estate agency?
 
They will help determine a fair asking price to sell your home.
They will promote your home by entering your property into the multiple listing service for maximum exposure to bring in the best offer possible.
They will create, pay for and place advertisements for you.
They will schedule the showing of your home to potential buyers.
They can weed out buyers who may not qualify for a mortgage or your asking price.
They can refer you to sources for insurance, inspections, lawyers, and mortgage lenders.
They will help in the negotiations with the buyer.
They can make suggestions to help make your home more attractive to potential buyers.
They will ensure that all the necessary paperwork is in place for the sale of your property.
3. Should I make repairs, improvements or remodeling of my home before listing it?
Improvements can help to increase your homes value, but keep in mind that after improvements, your home's value needs to be generally between 15- 20% of the others in your neighborhood. Keep in mind that neutral color and mainstream design are best to appeal to buyers. The remodeling of kitchens and baths generally offer the highest return on investment and also offer energy savings. Also, keep any additions or improvements consistent with the existing design of your home.
First impressions are lasting impressions. The appearance of your home is critical in marketing your home and attracting buyers.
4. How do I determine the value or price to sell my home at?
Some factors to consider in pricing your home are:
Your location
Economic conditions
Supply and demand in the local housing market
Seasonal influences on area
Local schools
Average home prices in the neighborhood

Any extras your home has to offer... e.g., pool, fireplace, central air, etc.

In order to get top dollar for your home and not scare off potential buyers with an overpriced home, it is best to seek the advice of a professional. Ask your agent to provide you with a market analysis, showing recent selling prices and current houses listed in your area.
5. Why should I list with an agent versus selling my home myself?
Are there any other considerations when putting my home on the Market?
What do I need to get for my home and what fees are involved in selling?
How will my property advertised?
How will my property advertised?
What do I have to disclose to potential buyers?
Do I need a Lawyer and when?
What if I need to find another residence to move to?
These are all good questions to discuss with your real estate agent. They are trained and knowledgeable and will offer suggestions and provide resources for you to make conscientious decisions with regards to selling your home.