Alpharetta Home Prices - Find Your Value
To find out what your home is really worth in today's market, you need a Comparative Market Analysis (CMA) completed by an Alpharetta REALTOR who is experienced in this market. This market analysis looks at numerous factors to arrive at a value for your home. However, we have a quick tool that can give you a close estimate of the price of your Alpharetta home quickly. Click here to find the price of your Alpharetta home.
CMA vs. Appraisal vs. Quick Tool
A CMA performed by a real estate agent is not the same thing as an appraisal although they are sometimes confused and the quick tool will give you a snapshot but can't take into consideration upgrades or deficiencies a home may have.
An appraisal is an opinion of value and can be different than a CMA which seeks to determine a market price for your home. An appraisal looks mostly at sold listings and makes adjustments for differences between your home and others that have sold to determine the value. This is what a bank will need to determine how much money they will lend to a buyer for your home.
A CMA will take into account many of the same things that an appraisal will use as factors to determine value, but is not limited to some of the guidelines an appraiser must use. For example, an appraiser will try to use recent sales from within an area of a 1 mile radius of your home. When we perform a CMA, we may see that demand is more driven by a school district or even multiple school districts that fall outside of that mile and that will affect the demand for your home. When we look at factors such as the demand and compare them not only to sold homes, but to those that are for sale and under contract, we seek to arrive at a market price - what your home can sell for in today's market based on what buyers are willing to pay.
The quick tool will get you close, but you need to have someone come to your home in person to really determine what your home is worth.
Fill out the Form Below and we will prepare a CMA for you or use this link to get a quick snapshot of your Alpharetta home price. There is no obligation either way and you won't be required to use us to sell your home. You owe it to yourself to find out what buyers are willing to pay for your home before you put it on the market.
Alpharetta Home Prices Fluctuate
The average price of homes in Alpharetta is somewhat cyclical. This is due in mostly to the demand cycle which increases beginning in March through July then tapers off and picks back up again during the month of December before falling off again in January and February.
However, this does not necessarily mean that your home will sell for more money in June than it would in January. The number of factors that determine your home's price are many. The most important factor is recent comparable sales. You never know when a home like yours will sell and that can influence the price of your home in Alpharetta more than anything else. Another important consideration is that the number of available homes for sale is lower during the off peak season so if your home is the only available choice for a buyer, you still might be able to get the price you want. The best thing to do is talk with a real estate agent who is familiar with Alpharetta and find out what is happening in a very specific, hyperlocal area. We aren't necessarily concerned about what is happening to home prices in Sandy Springs or Cumming and we also aren't going to tell you a price that we think you want to hear.
It's in your best interest as well as ours to be objective when looking at the price of your home in Alpharetta and only Alpharetta.
If you fill out the form below, we will contact you to see how we can be of service to you.
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