Whenever you are thinking about entering the real estate market as a home buyer or home seller, there will be plenty of factors to consider and things to account for before you finally sign the closing papers. One of the many things to keep in mind is determining the market value of homes in Bonita Springs. Why? Because this value ensures that home sellers get the maximum price for their homes and that home buyers don’t overpay.
Be sure not to confuse the terms market value and appraisal value, though. They are quite different, and mixing them up could cause serious problems in your real estate journey. It is vital to understand the difference between the two terms so that you can achieve your real estate goals.
At Your Home Sold Guaranteed Realty - The Cachon Team, our realtors are here to ensure that you know exactly what the difference between these terms is, how they relate to your home buying or selling processes, and why they will help you achieve your real estate goals. We are happy to give you all the information and resources you need, including determining the appraised and market value of homes in Bonita Springs.
Market Value of Homes in Bonita Springs Defined
To begin, let us define what the market value of homes in Bonita Springs is and how it relates to your real estate experience. Essentially, the market value refers to the price that a home buyer is willing to pay for the house in the current local real estate market, and it is exclusively determined by those in the market right now.
The appraised value of the house does not usually factor into the market value, and that is why it is important to work with a realtor when buying or selling a home.
Market Value and Appraisal Value: What’s the Difference?
The appraised value, on the other hand, is determined by a state-licensed real estate professional which has usually been requested by a financial institution such as a bank or credit union for a home buyer hoping to obtain a mortgage loan. Lenders are most interested in this value because it safeguards them against offering loans to home buyers beyond the value of the house.
Throughout the appraisal process, the professional will take into consideration a wide variety of factors related to the house and property in order to determine the value. These factors include square footage, location, interior design, age of the house, landscaping, renovations, and other individualized factors. We will also use other homes in the area as a comparison.
The Importance of Market Value of Homes in Bonita Springs
So, why are these differences so important? If you know the difference between appraisal and market value of homes in Bonita Springs, you will be able to understand what your house is really worth.
Also, once this number has been established, everyone involved in the transaction will be crystal clear on the price for the house. This prevents any and all ambiguity between home buyers and sellers. While home buyers will want as much house for the least money and home sellers want to get top dollar for their assets, the market value of homes in Bonita Springs will provide both sides clear expectations about price.
How Can I Find the Market Value of Homes in Bonita Springs?
Now you may be wondering how to find the market value of homes in Bonita Springs as a home buyer or home seller. This is definitely not something that anyone just knows off-hand, so it is important to use professional tools to figure out this value. Some of these tools include:
Online Home Valuation Tools
There are many online home valuation tools which can be very useful. Some of them are even free to use! You must be cautious, though, because there are often issues with accuracy with these tools. At Your Home Sold Guaranteed Realty - The Cachon Team, we recommend using a few different options to get a good estimate and then confirm with a real estate professional.
Another option is to enlist the help of an expert. Appraisal professionals ensure that you get the most accurate and detailed valuation. Keep in mind, though, these appraisals are not free, so be sure to factor the cost into your budget.
Beyond any other tool, professional realtors will give you the very best value determination. At Your Home Sold Guaranteed Realty - The Cachon Team, our realtors are 100% dedicated to helping clients succeed in achieving their real estate goals. Realtors will often provide home buyers and sellers like you with accurate market values for homes in their area. Our team makes sure you have the most accurate and reliable market value of homes in Bonita Springs.
When you use these methods, it will ensure that you have a clear understanding of the market value of homes in Bonita Springs so that you can easily and effectively achieve your real estate goals.
Get the Most Accurate Valuations with Our Realtors
Are you ready to buy or sell a home in the Bonita Springs area? It is important that you understand the market value of homes in Bonita Springs as well as the ways in which market and appraisal values will affect your real estate goals. In the industry, there are plenty of factors to consider. And that is why it is always vital to guide you through the home buying or selling process.
At Your Home Sold Guaranteed Realty - The Cachon Team, our real estate professionals are here to ensure you understand everything there is to know about the real estate process, including how to get accurate market values of homes in Bonita Springs. Additionally, we offer unparalleled guarantees to make sure that you have the ideal real estate experience with no stress or frustration.
To ask any questions or to get started on your real estate journey with our team, feel free to give us a call at (239) 399-5432 or fill out the form on this page with the requested information to receive a detailed response from our realtors. We can’t wait to get your call and discuss your real estate goals!