Determining The Fair Market Value Of Your Home

  1. Generally, buyers and agents use the price per square foot (p/sf) as the leading metric for determining the fair market value of a property, and potential offer.
  2. However, you must consider other factors when determining the listing price:

•  Neighborhood/ area of town
•  Location within the community/ views/ curb appeal
•  A key step to determine fair market value is a visit to your property
•  Condition, remodel/updates, and amenities
•  Relevant range of square footage/number of beds & baths
•  Age/ Architecture style
•  Single level or multi-level
•  Current competition – who is the competition?
•  Buyer/Seller motivation