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Calculating Phoenix Home Value

Calculate Phoenix Home ValueEstimating the value of a Phoenix home is a science more than it is an art. Factors like average days on market, availability of other competing homes for sale and seasonal demand fluctuations should all be taken into consideration – but more so when determining the pricing strategy for your home, not calculating its market value.

Phoenix home value is calculated using a fairly strict set of criteria, including using:
– similar size homes (generally not more than +/- 15% in square footage difference)
– similar age homes (generally not more than +/- 10 years difference)
– similar neighborhoods or subdivisions (appraisers typically will not cross a major road or highway to find comps)

Phoenix home value is impacted by differences in:
– quality of home construction
– quality of improvements made
– size of lot
– lot views and/or privacy
– number of garage parking spaces
– number of bathrooms
– having a pool and/or spa
– having a fireplace

Once an opinion of fair value has been reached, how do you determine pricing strategy?

Within each neighborhood there are typically 3 price ranges:
– high (homes that bring the most $/sqft)
– low (homes that bring the least $/sqft)
– mid (homes that fall between high and low)

Most value ranges vary by more than $10/sqft so it is important to select the appropriate price range for the home and then to correctly position the home within the appropriate range. Having your home well positioned within the correct range doubles your chances of getting the home sold. Keep in mind that selling a home is both a price war and a beauty contest.

As you have probably realized by now, figuring out a home’s realistic market value and proper pricing strategy goes way beyond finding out what a neighbor sold their house for and multiplying that $/SQFT ratio by the total SQFT of living space in your house. Submit your property details if you would like me to provide you with a no cost, no obligation, value estimate for your Phoenix home.

Phoenix Property Value

phoenix-property-value-reportThe media is reporting a big rebound in home prices, especially here in Phoenix where we have enjoyed a bounce of more than 50% from our lows in mid-2011. As a Realtor, everywhere I go people now ask me “So how is the market?” – to which I respond: “It depends if you are buying, selling or investing”. It turns out that most who ask this of me are homeowners curious about the current value of their home, so let’s focus on Phoenix property values from a potential seller’s perspective.

To streamline the process, I have created a special site for you to obtain a comprehensive market evaluation report. This FREE report is manually prepared within 24 hours of each request and contains a wealth of relevant data about your own property, recent comparable sales activity nearby, your neighborhood demographics and of course a current price estimate for your Phoenix home, along with a range of property value and confidence indicator.

With home prices way up in recent years, are you curious to know more about your Phoenix property value? Are you ready to get your personalized FREE 20-page color report loaded with important details you need to analyze your home’s potential current market value? You may have equity in your home again!

Why spend up to $450 for a property appraisal? There is no cost or obligation when using this valuable service, so act now to get your customized Phoenix property value report emailed to you within 24 hours. You will also receive a special bonus report from Andrew Robb with your personalized home value estimate, entitled “How To Sell Your Home Fast For Top Dollar”.

Free home value estimate

Andrew Robb - RE/MAX Fine Properties, 21020 N Pima Rd, Scottsdale AZ 85255