I am Chris Johnson of Real Estate Marketing Agency. Many of my Utah real estate clients ask me how Anytown home values are determined for Salt Lake City homes. The value of Provo and St. George properties are typically determined by either an appraisal or market analysis.
An appraisal is conducted by a certified Utah real estate appraiser. It is usually done at the request of a Anytown buyer or lender. The appraisal amount is a certified valuation of a Ogden home or Provo condo.
The comparative market value of your Salt Lake City home is an informal estimate by a Utah real estate agent. It represents the price a buyer is willing to pay, or to look at it another way, the price for which a house is likely to sell in the current Anytown real estate market.
Of course, you can do your own research and get a sense of your Anytown home’s market value, but you need to realize that listing prices are not a true reflection of the Utah housing market. Some Salt Lake City homes are listed too high and are eventually lowered or taken off the market. With my extensive experience listing and selling homes in the Anytown area, I am in the best position to know a true Salt Lake City home value.
If you are thinking about listing your Ogden home or St. George investment property, give me a call at 801.938.3466 for a no-pressure market analysis.
Real Estate Marketing Agency