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How Much Is My Knoxville Home Worth?
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By : Jarrod Cruze

How Much Is My Knoxville Home Worth?

How Much Is My Knoxville Home Worth?

Are you considering selling your Knoxville home? If so, the first question you should ask is,
“What is my house worth?”
Answering this question allows the seller to determine whether or not now is the right time to sell. It may feel daunting to tackle this question, but you don’t have to find the answer alone. Experienced real estate agents, such as myself, are experts in determining home value. Here are the steps you need to take when you’re ready to sell your Knoxville home:

Step 1: Perform a Comparative Market Analysis (CMA)

In order to determine the value of your Knoxville home, you must begin by looking at the current competition your house faces on the market. In order to perform this analysis, you will need to look at similar properties in the area, and what they’ve sold for. It is also beneficial to look at the homes that have NOT sold, as this can indicate issues in pricing and market value. By looking at the price points that have (or have not) sold in your area, you can determine a ballpark estimate of the value. Realtors specialize in performing CMA’s.

Step 2: Perform a Break Down of the Home

After determining what similar homes are selling for, it’s time to take a deep dive into the particular home in question. Questions a realtor may ask during this step include:

Have there been any recent renovations?
How many years old is the home?
What kind of water-heater does the home have?
Is the home move-in ready?
What is the square footage of the house?
How much has this house sold for in the past?

Step 3: Call Me!

It’s important to have an educated realtor because even the smallest details can add (or subtract…) huge value to/from your Knoxville home. No matter what you’re seeing online, having an expert with extensive knowledge of the Knoxville housing market will allow you to get the best return possible when selling your home. Calling me for a home evaluation consultation is a free, quick, and easy way to determine whether or not it’s the best time to sell. When someone comes to me with the question of whether or not it’s time to sell, I look at 3 things:

Knoxville’s Market
Property Characteristics
Comparable Competition

By gauging the temperature of the market, I can determine whether it’s a hot time to sell. (If you’re interested in a current market analysis of Knoxville, visit my most recent blog. From there, I can look at the features of your home that make it stand out, and how these amenities increase value. And last but definitely not least, I can decide the perfect price by studying the comparable properties in the Knoxville area. At the end of the day, price is the deciding factor for a buyer. If it isn’t affordable and competitive in your market, buyers will find one that is.

Don’t rely on website tools to estimate the value of your greatest asset. Find an experienced realtor with the knowledge and expertise necessary to market your Knoxville home at the price point you deserve while blowing competing homes out of the water. U.S. homes are selling for the highest price since 2006, making it the perfect time to put the pricing and marketing of your home in the hands of an expert.

Take advantage of these all-time-low interest rates and the booming Knoxville real estate market and call me today to begin!