Back to SmartMoves Metrowest Mass Real Estate Home Page. People traditionally turn to e ither an appraisal or a comparative market analysis when determining a property's value. The results can be presented to the client in various ways ranging from a brief summary on a preprinted form, to a more thorough narrative appraisal report showing all factual materials, techniques and appraisal methods used in setting forth the appraisers conclusion of value, or as a letter of opinion simply giving only the appraiser's conclusion of value, with no supporting data. Appraisers, who must be licensed in Massachusetts, consider numerous factors such as square footage, construction quality, design, floor plan, amenities and energy efficiency. Other issues taken into account are neighborhood quality and a property's proximity to transportation, shopping and schools.
Appraisers also look at lot size, topography, view and landscaping.
Appraisers must view the property in question. A comparative market analysis is an informal estimate of market value performed by a real estate agent or broker after viewing the subject property . Many agents offer a free analysis or property profile as part of the process of helping a potential client sell their home. People also can attempt to do their own cost comparison using public records maintained by their county recorders' and assessors' offices. You should be aware that without having seen recent comparable sold homes you will be guesstimating your property's value.