Home Values Matter – Find Out What Your Home is Worth
Many factors come into play when determining the value of your home in today's market. Some you can control; some you can’t. With our experience and industry knowledge, Thornton Properties helps you maximize that value to get top dollar whenever possible. Key valuation factors include:
Location is the single most important factor in determining the value of your home.
Property values are affected by the current real estate market. As the real estate market cannot be manipulated, a flexible marketing plan should be developed which analyzes the current market conditions and individual features of your property.
Prospective buyers often make purchases based on emotion, so first impressions are extremely important. The condition of your property affects the price and speed of the sale. Optimizing the physical appearance of your home will maximize the buyer's perception of value.
Your property attracts the most excitement and interest from the real estate community and potential buyers when it is first listed. Pricing your home properly from the beginning is an important factor in determining the length of time it will take to sell your home. Reviewing the Thornton Properties Home Marketing Plan and a Comparative Market Analysis will assist you in determining the best possible asking price.
Prospective buyers often compare your property against competing properties. Buyers perceive value based upon other properties that have sold or are available in the area.
At no charge or obligation to you, we conduct a Comparative Market Analysis (CMA) to determine fair market value for your property. In evaluating your property, your Thornton Properties’ agent uses the same protocol as a professional appraiser: comparable sales, competitive pending listings, square footage, location, amenities, and the general condition of the property.
The data collected includes reliable information gathered from the Chicago Association of Realtors (CAR), local real estate firms, and title companies. It does not reflect every property of comparable value for sale at that point in time, but it represents a good cross section of the competitive real estate inventory and recent sales.
From the information gathered, you and your agent determine an initial listing price. Once the market is tested at this price, we make periodic reviews to ensure your property remains competitive.