What's my home worth?

Good question. The answer is very simple. Your home is worth what a buyer is willing to pay for it. That's it. There is NO OTHER formula.

Appraisers can give you an IDEA of what it might be worth, but just ask your appraiser to buy it for what they appraise it for!

A Real Estate agent can give you a "CMA" or Comparative Market Analysis or sometimes called Competitive Market Analysis. This analysis will show you what other similar homes are on the market for, what they are under contract for, and what they have sold for. The real estate appraiser will use this exact same system to give you an opinion of value as well.

Again, remember... a real estate agent isn't going to buy your home!

The trick to pricing a home is to find the price at which a buyer will make you an offer to purchase... You just have to determine if you are going to accept that offer.

In today's buyer's market I'm finding that homes are selling for 5-6% off the FINAL list price...

The trick is, you have to offer more home for less money in order to entice a buyer to make an offer in the first place!