Evaluating Property Worth
Knowing what your Maine real estate is worth is half the battle involved in selling the property. For example, is your property home to a larger lot than that of the surrounding properties? Does your Massachusetts real estate slice have quite a bit of road frontage? Your property may be worth quite a lot more than even you realize. If you can find the right investor, you may be able to move your property quickly and at a particularly high rate. A savvy real estate agent will be able to determine the proper use for your particular property, and help you reach the best possible of deals. Property worth is greatly determined by the ways in which it can be legally used which are determined by the zoning laws of a particular district.
But then what is the best way to find out exactly what your property is worth? You will want an appraisal from a qualified and experienced real estate appraiser. If possible, have friends or family recommend such an individual. You will want to be certain that you are hiring someone that knows their stuff and will make the most of your money. A home within a planned subdivision is among those most easily evaluated, and usually such a property was designed to have already maximized its productivity from a real estate standpoint.
Those who own older properties will want to be more careful about selecting someone to appraise their home. Such a residence may be sitting on an area that can be divided into several house lots. A home which rests on a site that can be developed in more ways than one can be worth quite a bit more than a single family home which rests on a single family lot.
If you suspect your property can be divided in this way, you may want to consult a certified land surveyor or a civil engineer. Such a professional can be helpful as they can prepare a certified subdivision plan for your particular property. Without this, an appraiser would not be able to accurately determine the full potential of your property; an appraiser will only be able to inform you of the zoning regulations particular to the area surrounding your home.
Once you understand the zoning restrictions of your neighborhood, you will want a qualified individual to explain the possible development that would be allowed on the property. In order to maximize your listing, you will want to be sure that your real estate agent has full knowledge of these developmental rights. If not, you may not receive an amount equal to what your lot is actually worth.
In the current market, many sellers have come to accept that their homes will sell for less than they might expect. This is merely another reason to make sure you know exactly what your property is worth. In this respect, hiring an appraiser will be well worth your hard earned dollars, and will certainly pay off in the long run if you have any question as to how your property can be further developed.
Author Bio: Stewart Wrighter used the services of a Maine real estate agent to help locate homes for business associates in the area. He and his wife searched the term Massachusetts real estate to see what is available.
Category: Real Estate
Keywords: Maine real estate,Massachusetts real estate