How Much is My Wellington Florida Home Worth?
Wellington Florida real estate is constantly changing, which means your homes value is most likely changing too. So when you’re thinking about selling your Wellington home or ready to sell your Wellington home it’s important to find out what it will sell for in today’s real estate market.
So how do you find out how much your Wellington home is worth? Well, you have a few options.
Option 1: Home Appraisal
You can hire a licensed appraiser for roughly $300-$600 to perform an appraisal on your Wellington home. Most appraisers will take 3 recent home sales in your area similar to yours and make adjustments for the items that differ, like square footage, number of bathrooms, swimming pool, condition and lot location to name a few. Based on these adjustments an appraiser will come up with an appraised value for your Wellington home.
Option 2: Instant Home Value
There are countless real estate websites that offer an “instant” home value for your home, but how accurate will this value be? In my experience most of these websites use general calculations based off of area home sales, which these sales may or may not be comparable to your home, so the value provided could be pretty close or it could be completely wrong.
Option 3: REALTOR Comparative Market Analysis
A comparative market analysis, commonly referred to as a CMA, is free report completed by a licensed Realtor. Well, let me rewind for a minute, a majority of Realtors will provide a CMA free of charge to prospective home seller’s, but there may be a few Realtors out there that might charge a small fee.
A standard CMA will include an analysis of homes currently for sale in your area, pending neighborhood sales, recent sales and sometimes expired listings. Based on this information and the Realtors experience they will recommend a sales price for your home.
What’s the Best Option to Determine How Much your Wellington Florida Home is Worth?
It all depends on what you’re trying to accomplish.
If you’re just curious about recent home sales and a ballpark of what your home might sell for an online instant home value may suffice.
However if you need “real” numbers hiring an appraiser or meeting with a licensed Realtor is probably your best option, but keep in mind everyone and everything is different.
Odds are if you selected all 3 options you’d receive 3 different price recommendations. They may be a few thousand dollars apart, but they could also be tens of thousands of dollars apart.
Whether you decide to hire an appraiser or a REALTOR I highly recommend researching who you’re hiring. Are they local? Do they have experience in your neighborhood? How long have they been in the business? What do they charge, if anything? Do they have references?
Want Me to Tell you How Much your Wellington Florida Home is Worth?
All of my Comparable Market Analysis’ are personalized and would be tailored specifically for your home. In addition to analyzing recent home sales in your Wellington neighborhood, I also analyze active listings in the area, pending neighborhood listings, expired neighborhood listings, sales price per square foot, the number of days on market, the history of the comparable neighborhood homes to see if there were any price adjustments, view photographs and read property descriptions to get an idea of the condition of the comparable homes if I haven’t already seen them.
Click here to find out how much your Wellington Florida home is worth
In addition to providing you with a price recommendation I will also provide an estimated net sheet, so you have a better idea of how much you’d net from the sale of your home. I will also share my Wellington Florida Real Estate Marketing Plan that I use to obtain top dollar for my listings in the shortest amount of time. To find out how much your Wellington home is worth I can be reached directly at 561–333–0446 if you don’t want to click on the above link.
