Orange County Information Center - Home Selling

How can I find out how much my home is worth?

The value of your home is determined in large part by comparing your home to similar homes in your neighborhood that have sold in the past year. One of the most common mistakes For Sale By Owners, or FSBOs, make when selling their home is choosing an asking price that is either too high or too low. FSBOs often choose an asking price that is too high and wonder why they haven’t had any offers to buy their home after weeks or even months on the market. Many agents are also reluctant to show a home that is FSBO because they are concerned they will end up acting as the seller’s agent as well, without earning the additional 3% commission.

At O.C. Real Estate Advisors, we believe the best way to determine the listing price for your home is by performing a Comparative Market Analysis or CMA. A CMA will give you the selling price of other homes in your area which have sold within the last year. It will also tell you how long each home was on the market before it sold. This is valuable information because if you want to sell your home as quickly as possible, you will want to know the selling price of the homes that stayed on the market the shortest amount of time.

When you purchase a service package from O.C. Real Estate Advisors, you will receive a personalized Comparative Market Analysis for your home. In this report, you will find the sales prices for homes in your area that have been sold in the past year. This report will also include information about the number of bedrooms and bathrooms, square footage, and age of the homes sold, which will allow you to focus on those homes that are most similar to yours.

O.C. Real Estate Advisors obtains the information that is used for the Comparative Market Analysis by searching proprietary databases that can only be accessed by licensed real estate professionals and their staff.

Warmest Regards,

Amanda Wheeland
Orange County Real Estate Advisor

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