You may also want to purchase a professional home inspection (the fee is typically $400). This type of appraisal relies on an in-person inspection of your home to evaluate the conditions of the ‘building envelope’ and your home’s major systems, such as heating/cooling, roof, water, etc. The home inspection report contains a summary of your home’s overall physical condition as well as detailed notes of every part of the house.
Though some prospective buyers prefer to commission their own independent report, for the most part, getting it done yourself before your home goes up for sale may help you prove that your house is indeed worth as much as you’re asking for it – provided it is in a decent state of repair.You can always check online listings for houses that have recently sold in your area and use their prices as a starting point.
Ask your Realtor® if they are truly comparable to your home and if not, what the differences might be. Price per square foot is a time-honoured method of real estate valuation used primarily in condos, and not a bad rule of thumb for new homes. However, it doesn’t account for a choice location, a move-in-ready home or other personal criteria.