How is a home´s value in the Outer Banks Real Estate market determined?
An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a $250,000 house. A comparative market analysis is an informal estimate of market value performed by a real estate agent based on similar sales and property attributes. Most agents offer free analyses in the hopes of winning your business. You also can get a comparable sales report for a fee from private companies that specialize in real estate data or find comparable sales information available on various real estate Internet sites. 9. What standards do appraisers use to estimate value of an Outer Banks home or Corolla property? Appraisers use several factors when estimating a home’s value, including the home’s size and square footage, the condition of the home and neighborhood, comparable local sales, any pert
Related Questions
- Ive heard that the real estate market on the Outer Banks has seen significant growth over the past several years. How have values in Kinnakeet Shores fared during this period?
- Do I need a home inspection before I purchase a home in the Outer Banks Real Estate market or Corolla Real Estate market?
- How do property taxes work in the Outer Banks Real Estate market and Corolla Real Estate market?
