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    What’s My Home Worth?

    Determining your homes’ value.

    There are many things that go into determining a homes’ value.  Here are just a few of them:

    1. Location.
    2. Current market conditions.
    3. Features of the home itself.
    4. Condition of the home.
    5. Seller’s reasons for selling (motivation).
    6. Emotional draw of the home as perceived by a potential buyer.

    There are many valuation models available on the Internet; some more popular than others.  What’s important to remember is that all digital valuation models are based on recent and past sales near the home.  Where they typically fall short is including current information since they are basing many of their data points from the local County Assessor’s office, which could be outdated.  They also tend to fall short by not choosing truly comparable recent sales and current listings.  For example, a digital model has no way of comparing the condition of two houses, to include remodels, upgrades, etc.

    The best way to determine a homes’ value is through an appraisal, or a Realtor®.  It takes an experienced practitioner to deliver an accurate assessment.  With all of this said, below is a tool that many banks use.  Keep in mind that all digital valuation models are simply “ballpark” figures.  If you are interested in determining your homes’ value, please use this form to contact us and we will schedule a free, no obligation consultation with you.

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