Hawaii Homes
  • Home
  • Oahu
  • Honolulu
  • Maui
  • Kauai
  • Big Island
  • Hawaii Relocation
  • Foreclosures
  • Contact Us
  • 日本語
  • 中文
Login
808-377-6497
Login
808-377-6497

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Search Real Estate in Hawaii

TO
Advanced Search

Address Search

What Is A Home Worth?

Several factors, including the state of the real estate market, property location and condition, and interest rates, contribute to a homes worth. Ultimately, a home is worth what someone will pay for it. All homes have a price, and sometimes more than one. There is the price the owners would like to get, the value buyers would like to offer and a point of agreement, which can result in a sale.
When considering home values, several factors are important:
- The value of a home relates to the local sales market. The exact same home in a different neighborhood may likely have a different value.
- Supply and demand is also a determining factor of home values. A home located in a community with an expanding employment base, growing population and limited housing, will see more appreciation. Homes located in an area that is seeing a decline in jobs and many homes for sale will create more of a buyer's market.
- A homeowner's motivation for selling can affect a home's value. If an owner must sell quickly, then he/she will have less leverage in the marketplace. 
- Home value is not determined by the homeowner's needs. If the listing price is based upon the seller needing certain proceeds, and not on the marketplace, a too-high price can be the result. When a home is overpriced compared to similar homes in the same area, buyers will quickly decide that the home is unfairly priced. 
- The list price or offer price is only one part of the deal. Consider all that is being offered. A home that is listed a little higher may include seller concessions that make the home more affordable for a buyer. In some cases, an offer from a buyer may be at a higher price, but include; allowances for repairs, discount points or contributions to closing costs, or longer terms, etc.All real estate transactions are unique and there is almost always flexibility in the marketplace. How much flexibility depends on local conditions.
Definitions
- List Price
The list price is how much a property is advertised for and is usually only an estimate of what a seller would expect to receive for the home.
- Sales Price
The sales price is the amount a property actually sells for. It may be the same as the listing price, higher or lower, depending on market conditions and how accurately the home was originally priced.
- Comparable Market Analysis
A CMA is an informal estimate of market value, based on the sale of comparable properties, prepared by a Realtor?. This report will compare recent sales of homes in the same neighborhood, of similar size and style. Most Realtors? will provide you a Comparable Market Analysis free of charge.
- Appraisal
This report is a certified appraiser's estimate of the value of a home at a given point in time. Appraisers consider several factors when determining a home's value, including the home's size and square footage, the condition of the home and neighborhood, comparable local sales, any pertinent historical information, sales performance and indices that forecast future value. Appraisers also take lot size, topography, view and landscaping into account. Appraisals usually cost between $300 and $350.

Like or Share
Loading likes...

Address Search

    日本語

Popular Real Estate in Hawaii

Searching for the right home in the perfect place? Chances are you'll want to check here first.

SaveSave

Oahu Real Estate Listings by Location

  • Aina Haina
  • Ala Moana
  • Diamond Head
  • Ewa Beach
  • Hawaii Kai
  • Hawaii Loa Ridge
  • Kahala
  • Kailua
  • Kaneohe
  • Kapolei
  • Makakilo
  • Manoa
  • Mililani
  • North Shore
  • Nuuanu
  • Pearl City
  • Portlock
  • Royal Kunia
  • Salt lake
  • Waikiki
  • Wahiawa
  • Kalama Valley
  • Lanikai
  • Ewa

Maui Listings by Location

  • South Maui
  • West Maui
  • East Maui
  • Central Maui
  • North Shore Maui
  • Upcountry Maui
  • Molokai
  • Lanai

Kauai Listings by Location

  • North Shore Kauai
  • Coconut Coast
  • East Side
  • South Shore
  • West Side

Big Island Listings by Location

  • Captain Cook
  • Hamakua Coast
  • Hawi
  • Hilo
  • Keauhou
  • Kailua-Kona
  • Kau
  • Kohala Coast
  • Puakea Ranch
  • Puako
  • Puna
  • South Kona
  • Waimea

Gary Allalouf
Gary Allalouf- RA
Hawaii Realty International

Hawaii Property News 

Hawaii Relocation Information

Mortgage Articles 
Hawaii Mortgage Basics 

SaveSave

Hawaii Condos for Sale

  • Waikiki
  • Honolulu
  • Hawaii Kai
  • Kaneohe
  • Kailua, Oahu
  • Leeward, Oahu

Investment Condos

  • Allure Waikiki
  • Waikiki Trump Tower
  • Waikiki Banyan Condos
  • Colony at the Peninsula
  • Turtle Bay Kuilima Estates
  • Hokua At 1288 Ala Moana

Navigation

  • Lifestyles
  • Our Services
  • Legal
  • Privacy

Additional Hawaii Information

  • Hawaii Schools
  • About Hawaii
  • Hawaii Articles
  • Home Improvement Articles
IDX Real Estate Websites by
• Accessibility • Terms • Privacy