From CMA to Appraisal - Understanding Your Home's Worth | Episode 95

In Episode 95, Mark and Joey discuss the intricate process of determining the true value of your home. They dive into the steps agents take for a Comparative Market Analysis (CMA) and compare it to formal appraisals. This informative episode covers key considerations like market momentum, the importance of timing, and the role of neighborhood expertise. Plus, they share personal anecdotes and tips for navigating fluctuating market conditions. Tune in to get an insider's look at how valuation truly works and how it impacts your real estate decisions.COST GUIDE TO HOME REPAIRSPillar to Post - https://pillartopost.com/cost-guide/Carson Dunlop - https://www.carsondunlop.com/inspection/wp-content/uploads/sites/2/2022/11/Home-Improvement-Costs-Carson-Dunlop.pdfCHAPTERS (00:00) Introduction and Episode Overview(00:04) Discussing Home Valuation(00:51) Casual Conversation and Weekend Recap(01:12) Pizza Pop-Up and Food Adventures(09:37) Love Island and Reality TV(12:48) Understanding Home Pricing(24:40) Evaluating Property Value: Key Factors(25:26) Comparing Sold Properties(25:52) Nuances in Property Comparison(27:18) Importance of Timelines in Property Valuation(30:38) Active Listings and Market Competition(32:44) Expired Listings and Pricing Strategy(33:57) Seasonality and Timing in Real Estate(39:57) Understanding Seller Motivation(43:40) Automated Valuation Models: Pros and Cons(45:37) Frequently Asked Questions on Property Valuation(48:30) Conclusion and Final TipsFEEDSPOT TOP CANADIAN REALTOR PODCASTShttps://podcast.feedspot.com/canadian_realtor_podcasts/FEEDSPOT TOP TORONTO PODCASTShttps://podcast.feedspot.com/toronto_podcasts/WHERE YOU CAN FIND US🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/🖥️ INSTAGRAMMark Savel: https://www.instagram.com/torontolivings/Joey Virgilio: https://www.instagram.com/joey_torontolivings/🎙 MORE EPISODEShttps://podcasters.spotify.com/pod/show/toronto-real-estate