Welcome to the CoreListed.com Blog

2016-03-20 11:14:47
Don't Hire Peter Klaven!


If you've ever wondered what your home or investment property is worth, a great starting place is to check several websites that offer instant home values. These sites will provide you with a bracket of what your property might be currently worth. Although they are limited based on basic information, they do have value. It is ultimately necessary to contact a local agent to help you weed out properties the site compiled as comparable to your home when it generated the value. A couple of quality sites that provide this service are CoreListed.com and Zillow.com.


When you are ready to list your home contact 3 local Realtors®. I made a deliberate distinction here. I said Realtor® not Real Estate Agent or Salesperson. A Realtor® is an agent associated with the National Association of Realtors® and therefore they are able to participate in the MLS (Multiple Listing Service) which is the avenue whereby most homes are bought and sold. If they are not a Realtor® they cannot list your property on the MLS. Most agents will likely be a member of the NAR however you should not make the assumption. When you invite your agent to your listing make sure to require they bring along with them 6 comparables. 3 current listings and 3 sold comps. The listings and sold comps should not be older than 6 months. To be considered a good comp, at the least, the properties should be similar in the following catergories: Style (Victorian is not the same as a Cape Cod), Square Footage interior (or number of rooms), Square footage of the lot, View (waterfront is generally more valuable than a parking lot view), location, and each comp should be within a 1 mile radius of the subject property. A really good agent will have knowledge of industry standard monetary adjustments for certain amenities (i.e. garage(s), oversized lot, pools, and decks) they can also adjust for views, interior square footage, etc... but the agent should stay clear of leaning on adjustments in lieu of finding a better comparable.

For more information, or if you would like to speak with a Core Real Estate Advisor you may call (844) 211-5053 or send an email to info@corelisted.com. You may also visit our website at www.corelisted.com

 
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