Free Home Estimate
Pricing a property is one of the most difficult tasks in real estate. The initial listing price must be attractive to serious buyers and worthwhile to the seller. It is critical to price a property within this distinct range to ensure a successful sale for all parties involved. If you are thinking about selling your Kew Gardens property, a free property appraisal from Kew Gardens Realty will help you begin the process with confidence.
Comparative Market Analysis Versus Property Appraisal
While both reports provide insight on the value of your property, a property appraisal and comparative market analysis serve specific purposes. Here are the basics on these real estate tools:
- Comparative market analysis: This report uses data from recent home sales in the area to determine how much money a seller could expect to receive for their home.
- Property appraisal: This report consists of an analysis that tells how much money a institution will likely lend to a buyer to purchase the property.