To create a Current Market Analysis (CMA), you need to compare “apples to apples”.  Take all similar homes that are for sale within a 2-mile radius of your home and set a price range.  By looking at similar homes that are currently for sale, you can evaluate the alternative homes a buyer has to choose from.  Many economic drivers help determine the price of a home, so it’s important to take into account any upgrades, square footage and lot size.  Unfortunately there is no accurate calculator for how much certain amenities and upgrades increase the value of your home.  Assume that these features are simply strong selling points and will reduce the amount of time your home will be on the market.  As a general rule of thumb, if there are multiple homes on the market in your neighborhood, the most expensive house will take the longest to sell (and vice versa for the least expensive). For the maximum amount a bank will lend a buyer for your home, an appraisal is the best source. You can also do a tax assessment analysis and use the previous year’s tax assessment to compare your home to others that have sold in your market area.  Don’t stress too much about pricing your home! You will receive a free CMA and pricing analysis from our experienced agents when selling your home with HomeZill.