Brand new listings just hit the market! Start your search today.

inception-app-prod/YTdkZjc3ZjUtZjRmYS00ZWZmLWIwMDktNDVjZWNjMTY1ODBi/content/2020/12/schlegelrealtylogorev-3.png
  • ABOUT US
  • FIND A HOME
  • BLOG
  • CONTACT US
207-967-8927
Sign In
Sign Up
inception-app-prod/YTdkZjc3ZjUtZjRmYS00ZWZmLWIwMDktNDVjZWNjMTY1ODBi/content/2020/12/schlegelrealtylogorev-3.png
  • ABOUT US
  • FIND A HOME
  • BLOG
  • CONTACT US
inception-app-prod/YTdkZjc3ZjUtZjRmYS00ZWZmLWIwMDktNDVjZWNjMTY1ODBi/content/2020/12/schlegelrealtylogorev-3.png

Approach to Value

As agreed, we have done research to determine accurate value for your property that will result in a successful sale within a reasonable period of time. You will find enclosed the Market Value Defined.

First, we looked at the prices of other comparable homes that are currently on the market. These will be our competition. You will find data sheets enclosed for properties that most closely resemble your home.

Relevant Current Listings - The Competition:

Ultimately, the actual selling prices of comparable homes determine the current value of your home.  A buyer will most likely finance the purchase of your property.  When the bank sends an appraiser to the property we have to be able to give the appraiser the comparable sales that we used to place value on your property.  Fair market value is established by what ready, willing and able buyers have been willing to pay for other similar homes. We have enclosed information about comparable homes that have sold recently and would most likely be used by the bank in their appraisal of your property.

Relevant Sales – Real Buyers that Bought:

These are the ‘comps’ we used to determine the proposed asking price for your property.

 Market Value Defined

 The American Institute of Real Estate Appraisers, in its Appraisal Terminology and Handbook, says:

“Market Value”

 (1) As defined by the courts is the highest price estimated in terms of money which a property will bring if exposed for sale in the open market, allowing for a reasonable time to find a purchaser who buys with full knowledge of all the uses to which it is adapted and for which it is capable of being used.

 (2) Frequently it is referred to as the price at which a willing seller would sell and a willing buyer would buy, neither under abnormal pressure.

 (3) It is the price expectable if a reasonable time is allowed to find a purchaser and if both seller and prospective buyer are fully informed.

Market Approach Defined

The approach used in completing this competitive market analysis is the “market approach.”  As the name implies, it is a method that examines the overall activity in the market as it might affect your property.  Information on properties which are presently on the market, that have recently sold, and those that did not sell have been gathered in order to assist you in establishing a competitive asking price.

EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor
EHO
Realtor

CONTACT

SCHLEGEL REALTY
166 Main Street, Cape PorpoiseKennebunkportME 04046US
207-967-8927
karen@karenschlegel.com

RESOURCES

  • OUR BUSINESS PARTNERS
  • TESTIMONIALS
  • BLOG
  • ABOUT US
  • FIND A HOME

OUR COMMUNITY

  • VISIT KENNEBUNKPORT
  • GO KENNEBUNKS
  • CHAMBER OF COMMERCE

CONSUMER PROTECTION & PRIVACY

  • DMCA COMPLIANCE
  • ACCESSIBILITY
inception-app-prod/YTdkZjc3ZjUtZjRmYS00ZWZmLWIwMDktNDVjZWNjMTY1ODBi/content/2020/12/schlegelrealtylogorev-2.png
Website design by N.S. Anderson

© 2025 All rights reserved

Created with Placester

Sign In

Sign in with your email address

Sign In
Success! Your message was sent!
Thanks for your message, we will contact you soon.
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Sign Up
Success! Your message was sent!
Thanks for your message, we will contact you soon.
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Account verification in progress

Account Verified!
The page will reload automatically.
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link

Hold on!

You’re being redirected to the page with listing data.

You have been successfully logged in.
The page will reload automatically.
Sorry something went wrong.
The page will reload automatically.