How much is my Buffalo NY Home worth ? The CMA
If you live in the Buffalo NY Metro area and are wondering, “How much is my Buffalo NY Home worth?” Get started with a free no obligation Comparative Market Analysis.
The Western NY real estate Market is hot for sellers. Low inventory has created the type of sellers market that has not been seen in a long time in the Buffalo NY metro area. If this has made you ask yourself, “How much is my Buffalo NY Home worth?” Maybe its time to find out.
What is a Comparative Market Analysis (CMA)?
A comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. I can perform a comparative market analysis for you to help determine a price to list when selling a home or a price to offer when buying a home.
What Criteria is used in a Comparative Market Analysis
- Home value trends for the Buffalo NY metropolitan area. This shows you the momentum of your local market, which helps you know how to pace your expectations.
- The most recent sale price of houses that are the most like yours in your neighborhood
- The Square footage, finishes, age, condition, location, and more.
How much is my Buffalo NY Home worth?
Be leery of what Zillow, Trulia or other Internet sites say your home is worth. These sites use bots that determine worth based solely on square footage, and number of bedrooms and bathrooms. While those are part of the equation, there are many more criteria that need to be considered that only a licensed real estate sales person can get for you, such as:
- What year was your house built
- Do you have a fuse box or electrical panel
- Aluminum wiring, or knob and tube
- The condition of your plumbing
- Your roof
- Windows – vinyl or wood
- Visual inspection of your foundation
- Mold and mildew
- Curb appeal
The list goes on and on.
If you need to know, “How much is my Buffalo NY Home worth?” give me a call at (716) 465-5723. We will set up a marketing plan, discuss appraisal value, and even go over tips for selling your Western NY home fast.
Get a free no obligation Comparative Market Analysis for your home in the Western NY area.
April 29, 2019 at 6:49 pm
Thanks, it’s very informative