What is My Modesto House Worth?

May 9, 2016

What is the Fair Market Value Of My Modesto House? What is My Modesto House Worth?

Who Will Buy My House in Stockton — If you need to sell your House Fast in Modesto, Sacramento, Stockton or Manteca call us at (209)481-7780

The hardest part of selling any house is to come up with a price and game plan that will actually accomplish that goal. Often time’s people get hung up on the emotional attachment of a home and can’t see how the market conditions and the realities of the house itself that may be at odds with the plan.

If you need to sell your Modesto house fast, then you need to get past what is generally, and understandably, the emotional sense of how much your home is worth. After all, we buy our homes because we like them, we decorate them to suit our tastes, and we raise our children in them. Our homes truly represent more than what the rest of the world sees as four walls.

The faster a Seller can get past the emotional issues and focus on the real “market value,” the sooner the process of selling can begin.

Shooting the messenger:

I have been on both sides of the selling equation spanning many years with hundreds of houses. I can tell you firsthand about my thoughts and trepidation about someone else’s opinion regarding the value of any of the houses that I have bought and sold. As a Cash Home Buyer in Modesto I have been the messenger too many occasions, but as a professional, I am not afraid to tell the truth and discuss the realities of the Modesto Real Estate Market. Being honest has won more business than I have ever lost. Its a plan that works.

So before we define market value it is helpful to specify what it isn’t. Market value is NOT:

The assessed value for tax purposes
How much you paid for your home
How much you owe for your home
How much you put into your home, updates and Improvements
How much cash you need from your home
The sales price of your neighbor’s home
The appraised value of your home when you refinanced last year

Market value is simply: “the price that someone else will to pay under normal conditions for a house.” It is basic supply and demand economics. As home inventories increase, home prices will fall. If home inventories decrease, home prices will increase.

So how do we arrive at a fair Market Value for your House?

The Comparative Market Analysis
Title Company Data
An Appraisal

We Buy Houses Modesto — The Comparative Market Analysis allows Sellers and Buyers of Houses in Modesto see what other houses have sold for.

The Comparative Market Analysis:

The most common and widely used method for arriving at the fair market value of any house is the “comparative market analysis” (CMA) used universally by appraisers, real estate agents and real estate investors. It is an estimate of the houses value based on its location, age, size and configuration, it’s uniqueness and of course its condition as compared to other, similar houses that have sold within a ¼ mile radius within the past 90 days. Real Estate Agent data comes directly from the Multiple Listing Service of houses sold in the Modesto Market. But it is just ne piece of the data and I would recommend that any seller contact their local Title Company to retrieve data from all cash sales as well.

The Appraisal:

Of course a written appraisal from a certified Appraiser is the best way to determine fair market value for any house, but often it is merely a reflection of the same data found in the comparative market analysis.

Appraisers can then zoom in the analysis and look at the various options and features in the homes compared. When this information is presented in a written format that summarizes the primary features such as lot size, age, bedrooms, baths, garage, pool, etc., a price range becomes more evident.

Real Estate Investors, Appraisers and Real Estate Agents look at three main areas in a Comparative Market Analysis (CMA). These include 1) Houses Sold, 2) Houses Pending Sale and 3), Houses with Active Listings.

The more recent the comparable sales and pending homes in the analysis, the more clear the market values . Note that the a list of comparable sales will let you compare the listing price vs. the final sales price. It will tell you more about the true market price and value of the house so you can become competitive.

Keep in mind that selling a house fast is a competitive business. Buyers have options and choices based on many factors and price is just one.

We Buy Houses Modesto in any condition. — The Comparative Market Analysis is just one tool we use to determine What your Modesto house is worth. Call Us at (209)481-7780

The comparisons of active listings will indicate very little about a houses true market value, they are more of the pricing wish list, but it will tell you a lot about how the competition has priced their houses. Smart Sellers and Buyers will consider the competition and look at everything in the neighborhood before making a pricing decision. The combination of the two analyses should help you to price your home competitively to sell it quickly!

Finally, in some cases and housing markets, comparable sales are not easily found. For instance if you are selling your 50-year-old country cottage on one acre in an area that is primarily five-year-old Spanish colonials in subdivisions, your analysis may not be as useful at all. Keep in mind, that any comparisons will be better than just a guess and it may mean that you need to expand the search to ½ mile or greater to find more similar houses.

When selling your house the trick is to find the proper balance, but ultimately the decision to price the house is yours. Carefully analyze the market and then sit back and calculate how many mortgage payments, insurance payments and other home costs you are willing to pay until the property is sold. Then calculate the value of the peace of mind that a fast sale would bring.

My name is Peter Westbrook and I am the owner of Westbrook Real Estate Investments located in Modesto, Stockton, Sacramento, Manteca and Lodi CA. Call me at (209)481-7780 and let me make you a fair cash offer today.

We Buy Houses in Stockton, Sacramento & Modesto

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Sacramento and Westbrook Real Estate Investments. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Sell My House Fast

Contact the area's #1 And Most Trusted House Buying Experts to Sell Your Home. We buy houses in ANY Condition. There is no obligation or cost. What do you have to lose?

Hear What Others Have To Say…

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.

What is the Fair Market Value Of My Modesto House? What is My Modesto House Worth?

Shooting the messenger:

The Comparative Market Analysis:

The Appraisal:

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