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We determine the fair market value using a Comparable Market Analysis (CMA). This method uses the MLS (Multiple Listing Service) to locate homes that have sold in the last 90-180 days that are similar to your home. Adjustments can be made for any items that are not like your home; for example, acreage or a 1 car garage verse a 3-car garage. While CMA values are subjective, having local knowledge and local experience in the area you are selling is paramount.
A CMA is an estimated analysis of the current fair market value of your home – it is not an appraisal of your home.
It depends on your situation. In the East Pasco area, the market has consistent sales throughout the year; however, depending upon your home, your pricing strategy, when you are purchasing your new home, will determine the best time for YOU.
Nearly every sales contract will have some sort of contingency. A contingency is a clause or stipulation that the sale is subject to. Is your home being financed? Then you have a financing contingency. Is the home being inspected?
This is an inspection contingency. It is imperative whether you are purchasing or selling a home to understand the contingencies in the sales contract and the implications of any such contingency on closing the contract.
Whether you are purchasing an existing home or a new construction home, an inspection is imperative and, in some cases, mandatory.
Many mortgages will require at the very least a 4-point inspection. Inspections help identify the need for repairs, as well as, in some cases, lowering your insurance costs. Buying a home is one of the largest investments you will make.
A home inspection will ensure you know what any concerns are and maintenance items that may need to happen in the future.
Before you begin your new home search it is imperative to speak with a mortgage lender to determine what home you can qualify to purchase.
Many sellers in today’s market require a pre-approval before accepting an offer on a home. Having a pre-approval verse a pre-qualification simply means that your mortgage lender has not only had a conversation with you but has reviewed your documents.
There are many pros and cons of new construction. They will be different for every person depending upon your personal situation. There are many considerations: build time, living with constant construction, everything brand new and more.
The most important consideration is if you are thinking about new construction and go into the model without your REALTOR® they can no longer assist you or advocate for you. If you are unsure about the entire process of new construction, it is imperative that you work with a new construction specialist that can assist you.
26771 State Rd 56,
Wesley Chapel, FL 33544
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An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate.
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