Winfrey Investments and Associates LLC

Since market value is revealed by past transactions, real estate agents use the sales prices of homes that sold over the past six months as a guideline. They narrow the field to include only those homes within a certain radius -- typically one mile -- of the subject home. They compare the homes to one another, adding and deducting value according to the age of the home, size, location, and amenities. Some homes are more of a challenge to compare, such as luxury homes. Once th...e real estate agent has performed the valuation research and determined a value, she may ask the homeowner for any information he may have about the comparable homes used. While the Multiple Listing Service database is full of valuable real estate information, it can’t tell the agent the reason the homeowner decided to sell, for instance. Perhaps the neighbors were going through a divorce and needed to sell quickly, so accepted a low price for the home. Maybe another neighbor included all of the furniture in the sale, thus inflating the price. This type of information helps the real estate agent further tweak the home’s value. See more

Property values, depending on the economy and other factors, may be a moving target. In a healthy market when supply and demand are balanced, it’s not difficult for real estate agents to determine a home’s value. When something is out of alignment, such as when the market experiences a high number of foreclosures or when inventories are low and buyer interest is high, values become more of a challenge to determine. Put simply, the market value of a property is the amount of m...oney a buyer will pay for it. This is the evaluation method real estate agents use when determining a list price for a home. The assessed value of a home is rarely the same as the market value, and involves the use of a complex set of calculations to determine property taxes. The appraised value of a home is determined by a professional appraiser, typically hired by a lender, to ensure that the home is selling at or above market value before lending on it. See more

Looking for a new home? This listing could be the one! Please don't hesitate to reach out with any questions! You can reach me at (678) 471-1102.

If you're looking for a 4 bedroom home in Buford, this new listing could be the one! Click for more pictures and information. Show someone who might be interested or call me at (678) 471-1102!