Three factors that affect your home’s value in the current market.
Do you plan on selling your home? If so, you’re probably wondering how much your home is worth in the current market. Many online calculators will give you quick estimates, but those can be off by 10% due to different factors. Today I’ll be covering the different factors involved when determining the true value of your home to help you manage your expectations when listing and selling:
- Market conditions. In this current competitive market, pricing is more important than ever. We take a look at what’s selling, pending, and what may come soon in the area to determine your home’s value.
- What sold recently in similar areas? We make our best estimates based on what sold recently in similar areas. We consider the condition, location, and upgrades that were put into the home and compare it to your house while taking into account the current market conditions.
“In this current competitive market, pricing is more important than ever.”
- Anything else that gives additional value to your home. We evaluate all of the things you’ve done to your home determine how much value they add, and address any issues that will help your property become desirable for buyers.
Knowing your home’s value gives you better control over the home-selling process. If you need help determining how much your property is worth in the current market, don’t hesitate to call or email me. I’ll be happy to help!
