Maybe you’re getting the itch or your company is transferring you to Asia or the kids are all moved out and you’re wondering “what’s my Hanover home worth?” Maybe you’re just curious because the house down the street recently sold and you know it wasn’t as nice as yours or as big and you’re just curious “what’s my Hanover house worth?”
In either event, you have a few ways to research the fair market value of your Hanover home. First, you need to know that there’s a difference between what your town assessment is, what a bank appraiser might derive at, and what an experienced local Realtor will tell you it’s worth. . In the end, as the old saying goes, your house is worth what a willing and able buyer will pay you in an open and competitive marketplace.
For starters, forget what the local Town Assessor tells you your house is worth, because that’s only for tax purposes. Now if your tax assessment is higher than what I tell you your house is worth, then you may want to file for an abatement or at least ask the Town Assessor and inquire why your assessment is so high. It’s possible they made a mistake, though they’ll never admit to it. Sometimes they’ll throw you a bone and just give you a small abatement, but remember the key word here is “small”.
There’s also the certified general appraiser who typically works for the lender of the borrower. They don’t work for you the seller and they won’t share their findings with you, only the bank and the buyer upon request. Sometimes, the Appraiser, though considered “independent” and not in collusion with the banks any longer, as was the case prior to the Dodd Frank legislation and the meltdown of the entire mortgage and real estate industry starting in 2008, are not familiar with the area, the town and hyper-local market, therefore creating appraisals that don’t make any sense. I get a few of them from time to time and it has killed some transactions all because of an Appraiser who is out of their comfort zone and doesn’t know the market area and trends.
The most efficient and accurate way to find the answer to “what’s my Hanover home worth?” is to engage a local Realtor like me who is keeping an eye on the local market, daily sale prices and trends every day. You need someone who knows the current inventory and what has sold recently in the neighborhood and throughout the town. You need someone like me, an experienced and trusted local Realtor to answer your question, “what’s my Hanover home worth?”. I can usually meet the same day and give you a general overview of the local market and a range of value. I will typically need to tour your home and review with you any and all updates you’ve made. Once I’ve done that, I can make actual comparisons of other homes that are similar and have sold recently. I will make adjustments based on age, location, house size, lot size, improvements and overall condition. Once I’ve concluded my due diligence on your home and reviewed all the available data, I can provide you with a fair market value of what your house is worth and what the suggested asking price should be.
So whether you are just curious about the value of your house or you’re seriously thinking about selling or need to sell due to a life change or relocation, please call me, George Jamieson, trusted South Shore Realtor with William Raveis Real Estate. I serve the entire South Shore from Boston to Cape Cod including Norwell, Hingham, Hanover, Cohasset, Marshfield, Pembroke, Kingston, Hull, Hanson, Quincy, Weymouth, Braintree, Rockland and Abington. Please call me at 617-877-4839 or email me at George.email@example.com. If you would like to search for comparable homes for sale on the South Shore, please click here. Alternatively, you can fill out the form below and I will get back to you right away.