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Maria Devins
BROKER
About Me
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• Schedule Time To Meet Buyers
• Prepare Buyers Guide & Presentation
• Meet Buyers and Discuss Their Goals
• Explain Buyer & Seller Agency Relationships
• Discuss Different Financing Options
• Help Buyers Find a Mortgage Lender
• Obtain Pre-Approval Letter
• Overview of Current Market Conditions
• Discuss Earnest Money Deposits
• Explain Home Inspection Process
• Educate Buyers About Local Neighborhoods & School Districts
• Discuss Foreclosures & Short Sales
• Establish Must-Haves For Future Home
• Register Buyers for Zenlist
• Send Buyers Homes Within Their Criteria
• Show Buyers Requested Homes
• Schedule & Organize All Showings
• Gather Showing Instructions for Each Home
• Send Showing Schedule to Buyers
• Show Up Early and Prepare First Showing
• Gather Buyer Feedback After Each Showing
• Update Buyers When New Homes Hit the Market
• Share Knowledge & Insight About Homes
• Guide Buyers Through Their Emotional Journey
• Keep Records of All Showings
• Update Listing Agents with Buyer’s Feedback
• Discuss Home Owner’s Associations
• Estimate Expected Utility Usage Costs
• Confirm Water Source and Status
• Discuss Transferable Warranties
• Explain Property Appraisal Process
• Discuss Multiple Offer Situations
• Provide Updated Housing Market Data to Buyers
• Update Buyers On Any Price Drops
• Discuss MLS Data With Buyers At Showings
• Find the Right Home for Buyers
• Prepare Sales Contract
• Educate Buyer’s On Sales Contract Options
• Discuss Disclosures
• Explain Home Warranty Options
• Update Buyer’s Pre-Approval Letter
• Discuss Loan Objection Deadlines
• Choose a Closing Date
• Verify Listing Data Is Correct
• Review Comps With Buyers To Determine Value
• Prepare & Submit Buyer’s Offer to Listing Agent
• Negotiate Buyers Offer
• Execute A Sales Contract & Disclosures
• Coordinate Earnest Money Drop Off
• Deliver Copies to Mortgage Lender
• Deliver Copies of Contract/Addendum/ Disclosures to Buyers
• Coordinate Inspections with Buyers
• Meet Inspector At The Property
• Review Home Inspection with Buyers
• Negotiate Inspection Objections
• Get All Agreed Upon Repair Items in Writing
• Check In With Lender To Verify Loan Status
• Check on the Appraisal Date
• Negotiate Any Unsatisfactory Appraisals
• Remind Buyers to Schedule Utilities
• Final Walk-Through with Buyers
• Resolve Any Last Minute Issues
• Attend Closing with Buyers
• Provide Home Warranty Paperwork
• Give Keys and Accessories to Buyers
Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to borrow against it or sell it for.
Our tool provides a more robust, accurate assessment than you’ll get from the major real estate portals. For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.
A home valuation determines the current market value of a residential property. It is crucial for real estate transactions, preventing excessive borrowing and financial losses. When getting a mortgage, the home acts as collateral. If the borrower defaults, the lender may sell the property to recover funds. A thorough home valuation safeguards the lender's ability to recover costs if the mortgage is not fully repaid.
The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. It also factors in current market trends and local market conditions. The valuation tool is dynamic and can be influenced by data such as inventory trends, interest rates, and current buyer sentiment.
Online home valuations provide a good starting point and offer a general estimate of your property’s worth. However, they may not factor in recent renovations, unique features, historical value, architectural significance, and subjective market perception that could impact your home’s actual market value. For the most accurate assessment, consider scheduling an in-person appraisal.
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Two Accurate Ways to Perform Home Valuations
MARKET ANALYSIS
A Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. It evaluates similar homes that have recently sold in the same area. Agents find comparable sales and use them to conduct a sales comparison. In most cases, an agent will find three homes that have recently sold and are as similar to and located as close to the home being valued as possible. Each one is then analyzed to pinpoint differences between it and the home being valued. Once these differences are priced out, the price of each comp is adjusted to see what it would cost if it was identical to the home being valued were it to be sold in the current market.
APPRAISALS
An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the cost of the appraisal, sometimes up to $500, is paid by the homeowner. An appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the home, including an exterior building sketch, a street map showing the home and any comparable sales, photos of the home and street, an explanation of how the square footage was calculated, and any other relevant information.
Situations When a Home Valuation May Be Necessary
REFINANCING
Lenders base the amount of their loans on the value of your property and usually allow you to borrow a maximum of 75% to 96.5% against your property. Knowing what your home is worth allows lenders to calculate your equity in the home. The more equity you have, the better terms you will receive on your refinance.
HOME IMPROVEMENTS
If you’re doing home improvement projects to increase the resale value, you want to make sure you’re not pricing it out of the market. If your home is already priced on the high-end for your neighborhood, making too many improvements could make it more difficult to sell. When you get a valuation, you can see how your home compares with others in the neighborhood and let this guide your home improvement decisions.
QUALIFYING FOR CREDIT
If you want to borrow cash against your home, getting a Home Equity Line of Credit (HELOC) could be a good option. To qualify, you must have a certain level of equity in your home. Most lenders require at least 20%. Getting a home valuation will help you determine if you qualify and will be used by the lender to make a decision on your loan.
PLANNING
Though it’s not a necessity, simply knowing the value of your home is good information to have. It will help you plan for the future and deal with unforeseen circumstances when you might be in a position that requires extra money or a quick relocation. Knowing how much equity you have in your home and how much you may be able to borrow against it or sell it for will help you respond to any financial curveballs that life throws at you.
As your listing agent, I'm committed to helping educate, guide, and protect you every step of the way. When you list with me, I'm proud to provide the following services to you:
• Prepare Listing Presentation for Sellers
• Research Sellers Property Tax Info
• Research Comparable Sold Properties for
Sellers
• Meet With Sellers at Their Home
• Present Listing Presentation
• Advise on Repairs and/or Upgrades
• Explain Current Market Conditions
• Discuss Seller’s Goals
• Explain Benefits of Your Brokerage
• Present Marketing Efforts
• Explain Buyer & Seller Agency Relationships
• Describe the Buyer Pre-Screening Process
• Create Internal File for Transaction
• Get Listing Agreement & Disclosures Signed
• Verify Interior Room Sizes
• Obtain Current Mortgage Loan Info
• Confirm Lot Size from County Tax Records
• Investigate Any Unrecorded Property Easements
• Establish Showing Instructions for Buyers
• Agree on Showing Times with Sellers
• Discuss Different Types of Buyer Financing
• Explain Appraisal Process and Pitfalls
• Verify Home Owners Association Fees
• Gather Transferable Warranties
• Determine Need for Lead-Based Paint Disclosure
• Verify Security System Ownership
• Determine Property Inclusions & Exclusions
• Agree on Repairs to Made Before Listing
• Staging the Home
• Install Electronic Lockbox & Yard Sign
• Prepare Home for Photography
• Set-Up Photo/Video Shoot
• Get Seller’s Approval of All Marketing Materials
• Input Property Listing Into The PLN (Private Listing Network) and Go Live on The MLS
• Have Extra Keys Made for Lockbox
• Set-Up Showing Services
• Help Owners Coordinate Showings
• Gather Feedback After Each Showing
• Keep track of Showing Activity
• Update MLS Listing as Needed
• Update Calls & Emails to Sellers
• Present All Offers to Seller
• Obtain Pre-Approval Letter from Buyer’s Agent
• Examine & Verify Buyer’s Qualifications
• Examine & Verify Buyer’s Lender
• Negotiate All Offers
• Check Buyer’s Agent Has Received Copies
• Change Property Status in MLS
• Deliver Copies of Contact/Addendum to Seller
• Keep Track of Copies for Office File
• Coordinate Inspections with Sellers
• Explain Buyer’s Inspection Objections to Sellers
• Determine Seller’s Inspection Resolution
• Get All Repair Agreements in Writing
• Refer Trustworthy Contractors to Sellers
• Meet Appraiser at the Property
• Negotiate Any Unsatisfactory Appraisals
• Confirm Clear-to-Close
• Make Sure All Parties Are Notified of Closing Time
• Remind Sellers to Transfer Utilities
• Confirm Repairs Have Been Made
• Resolve Any Last Minute Issues
• Pick Up Sign & Lock Box
• Change Status in MLS to “Sold.”
• Close Out Seller’s File With Brokerage
