The Importance Of A Correct Home Valuation When Downsizing

Why it’s so important to do a thorough home valuation?  If you’re thinking of downsizing you will need to know what your home is worth so you can determine what to spend in the new one.

Hi I’m Ines Gomez-Acebo broker and owner at IGA Lux Homes, and I specialize in helping you downsize out of your current home and right-size into to your new home here at Miami’s upper east, Miami shores and el portal 33137,33137 and 33150

Here are a few things to consider.

Size, Condition, location, marketing and negotiating.  All of these have a huge effect on the price. Think about it, you cannot compare a home that is 2,000 sq. feet to a 4,000. You need to make sure you are comparing the size just like an appraiser would. In most cases if there is enough inventory an appraiser likes to go anywhere from about 200 to 400 sq/ ft. difference both higher or lower to use as comparable to determine pricing they will make adjustments in their evaluation of what the home is worth based upon the difference in size.  

Now let’s think about Condition.  When pricing you have to look at things like, how upgraded is your home, how modern is it, what is the landscaping like, are you in a great location close to freeways and shopping, how does your area compared to others, are there any nuisances like power polls, heavy traffic, or anything else that could be considered undesirable.  Remember, when pricing, it’s natural to feel like your home is worth more than everyone else’s because we have an emotional attachment to it.  But you’ve got to look at all the variables because underpricing your home will cause you to lose money and so will overpricing your home.

So, its especially important you get your home valuation, done professionally before making any further decision. I’m a certified price strategy advisor and I’m here to help.

The importance of home valuation
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