'What is My Simi Valley Home Worth?'

What is My Simi Valley Home Worth?

By Ken Grech at 02/28/09 09:16

As Americans, we check the stock market everyday on TV, the web, and in print, but fail to take stock of an even weightier investment: our homes. Are you among the ninety-five percent of American homeowners who are unaware of the market value of your Simi Valley real estate?

A Comparative Market Analysis (CMA) provided by a real estate professional can bring you up to speed. As the name suggests, a CMA compares your house with similar ones on the market in your neighborhood during a specified time period. This data, combined with the value of upgrades, will give you an accurate picture of your home’s worth.

Remember, however, that your personalized CMA is a “snapshot” captured in time, while the real estate market constantly fluctuates; therefore, it’s a good idea to obtain a new one each year. The CMA is the only market based means of measuring value. When buying, selling or refinancing, a CMA is essential in setting price and in choosing advantageous timing. Still, there are numerous other reasons to run a CMA-to obtain a realistic picture of your net worth, to provide adequate replacement insurance, or to leverage your equity.

Simi Valley Real Estate

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