Why You Should Get Frequent Valuations of Your Scottsdale Home?
Your Scottsdale home value is part of your financial portfolio. Like a stock, the value is always changing, depending on the value of the most recent sales. Fortunately, homes are not given to wide fluctuations such as we see with stocks. Checking your Scottsdale home value every six months is a good idea.
Request Your Free Home Valuation Report Today
A home valuation report will give you a general idea of what your home is worth.. The value range will be determined by analysis of the homes recently sold in your area. Because every home varies in condition, amenities and upgrades, a home visit would enable you to have receive a more detailed valuation.
Some Terms about Your Home Value
CMA – Comparative Market Analysis – a CMA is a home valuation report based on the sales activity in your neighborhood. It is a starting point but does not take into consideration the upgrades and condition of your home. A CMA is created by a computer using data from ARMLS (Arizona Regional Multiple Listing Service). A CMA is a snapshot valuation that changes with every new sale.
Appraisal – An appraisal is home valuation report performed by a certified appraiser, usually ordered by a buyer for his/her lender to validate the purchase price of a home. An appraiser starts with information from ARMLS but also visits the subject home.