Equity is generally the difference between a home's market value and the debt secured by it. Estimated seller proceeds also account for transaction expenses and property-specific obligations.
Start with a current market range
Online estimates can miss condition, upgrades, lot differences and neighborhood-level demand. Amy can prepare a comparative market analysis using recent local sales and active competition.
Confirm all likely payoffs
Include the mortgage and any other liens, home-equity balances, solar financing or obligations that may need to be resolved at closing.
Estimate selling expenses
Possible expenses include brokerage compensation, title and escrow charges, tax prorations, association documents, repairs, concessions and other negotiated costs.
Treat the result as a planning range
A market analysis is not an appraisal, and a proceeds worksheet is not a settlement statement. Both become more accurate as the property and transaction details are confirmed.
Frequently asked questions
Is a market analysis the same as an appraisal?
No. A comparative market analysis is a real estate pricing tool. An appraisal is a separate professional valuation.
Do improvements always increase value by what they cost?
No. Buyer demand, condition, neighborhood competition and the type of improvement all affect market response.
Can I request an estimate without committing to sell?
Yes. Amy can provide a no-pressure planning estimate so you can understand your options.
All values and proceeds are estimates only and are not appraisals, settlement statements, tax advice or guarantees of a sale price or net proceeds.