What’s My Home Worth?

For 15 years, In&Out Magazine has been the definitive source of “Everything that’s going on” in and out of the community. We thank you, our readers, as well as the businesses that support the magazine through advertising, for that opportunity. But with little going on, and many businesses suspending or canceling their ads during the Covid-19 crisis, we are suspending publication of the magazine and web sites for the month of May. 


home values

Just because the “average price per square foot” in a given neighborhood is $150, that doesn’t mean your home is worth that. It could be worth more, or it might be much less.

I’ve put together a “competitive market analysis” (CMA) for more than 3,000 properties over the years. I actually honed my skills during the dreaded short-sale days, when lenders required at least six “broker price opinions” (BPOs) for every deal. Valuing properties is almost second nature to me.

Of course, there’s what I think, based on years of hands-on experience and researched data, and what the homeowner believes, based on (sometimes) gut feeling, hopes, and what their friend (who used to be an agent in Illinois) thinks.

An experienced, competent, and honest real-estate professional should be able to tell you the market value of your home within 2 to 3 percent of the actual value. Why? Because a proper home valuation is largely based on principles, not conjecture. Those principles are location, comparable home sales, market conditions and property condition. That’s it, period.

All things equal, a one-story home will sell for more per square foot than a two-story. If there are two identical homes in an area and one has a gorgeous mountain view, while the other backs to a busy road, the view house is valued higher. If there are two exact models side-by-side, one with the same fixtures, flooring and dirt in the backyard that it had when built in 1985, and the other completely remodeled with a beautiful pool, pool guy wins.

As many people experienced during the boom/bust, what your house was worth last year can be vastly different than its value today. In a typical North Phoenix market, an appraiser will look back only three-to-six months for comparable sales. That’s good in a rising market, not so good in a declining market.

If you want to get a good idea of what your home is worth, have two or three experienced, local agents give you a CMA (they’re free). If you’re still not convinced, hire an appraiser for about $500 to do a detailed appraisal. Just make sure they’re not fresh off the plane from Chicago.


Help Save Our Community
Small businesses are the lifeblood of our country and even more so this community. Supporting local businesses during this crisis can help keep our community economically viable. Please strongly consider supporting the businesses below, In&Out Magazine's display advertisers, as well as those in the Classifieds section of the magazine (see the full April 9 issue in PDF form). Many of these businesses have been part of the fabric of this community for two decades, not just serving our professional, service and retail needs but stepping up to support local charities, sports teams and so much more. Tip: If you know you’ll need to schedule a service, consider contacting a local business you trust and paying the standard fee for the deferred service. The links below go to their web sites.

Adult & Pediatric Allergy Associates • 602-242-4592
Anthem Senior Living • 602-909-9550
Appliance Pros • 502-501-5501
Business Network of Anthem • 623-455-9630
Carroll Law Firm • 623-551-9366
Century 21 Real Estate - Jeff Huff • 623-223-1221
Creative Home Enhancements • 623-551-5409
Daisy Dream Homes Real Estate • 623-879-3277
Daisy Mountain Dentistry • 623-551-5250
Desert Foothills Air Conditioning • 480-595-0938
Edward Jones • 623-551-0523
Element Dental Centers • 623-551-5555
Hand & Stone Massage • 623-551-6602
Kendallwood Design • 602-252-3844
Kodiak Roofing • 602-501-7717
Luv My PC • 480-703-6609
Merrill Gardens • 623-201-4881
North Valley Water Solutions • 623-551-0515
Preferred Business of Anthem • 623-551-0523 
Prickett Realty • 623-551-8111
ProSkill Services • 623-551-7473
RE/MAX Professionals - Mike Higgins • 623-640-7502
Rise Above Remodeling • 623-551-2013
Soft Water Plus • 623-551-7383
SonoranScapes Landscaping • 602-842-9948
State Farm Insurance - Justin Simons • 623-551-3700
Storage at Anthem • 623-226-8634
Sunset Cabinets • 623-687-6579
Thompson & McGinnis Attorneys at Law • 602-952-2666
Titan Tree Care • 623-444-8448
Titan Pest Control • 623-879-8700
Wyman Plumbing & Mechanical • 623-551-6688

For more local businesses, see In&Out Magazine Classifed Ads >>>  
 
Chris Prickett
Former contractor, former home inspector and funny guy, Chris Prickett is owner and designated broker of Prickett Realty. A New Jersey native, Prickett has been a top-producing REALTOR® in North Phoenix over the past decade. He has been a columnist since 2005. Over the Prickett Fence is published weekly by In&Out Publications.
Chris Prickett on Email

Chris Prickett

Former contractor, former home inspector and funny guy, Chris Prickett is owner and designated broker of Prickett Realty. A New Jersey native, Prickett has been a top-producing REALTOR® in North Phoenix over the past decade. He has been a columnist since 2005. Over the Prickett Fence is published weekly by In&Out Publications.

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