Coldwell Banker Sea Coast Advantage Blog

What Determines My Home’s Value?

Posted by Coldwell Banker Sea Coast Advantage on February 11, 2014 in  choosing listing price  CMA  Comparative Market Analysis  fair market value  home value  tax assessed value
What determines my home’s value?...This is a common question that Realtors® receive from sellers. Often, sellers confuse a home’s tax assessed value (what they see on their tax bill) with the fair market value, the amount a home will sell for when the property has been exposed to a reasonable amount of buyers in a competitive market for a reasonable amount of time. In actuality, the tax value is based on a formula used by county tax assessors. They take what they believe is the fair market value of ... read more
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