WHAT IS A HOME VALUATION?
A home valuation is an estimate of your property’s current market value. It can help you better understand your equity, evaluate your selling options, and make informed decisions about what comes next.
HOW IS MY HOME’S VALUE CALCULATED?
Your home’s estimated value is based on factors such as location, size, property characteristics, recent comparable sales, and current local market conditions. Market trends and available real estate data may also influence the estimate.
HOW ACCURATE IS AN ONLINE HOME VALUATION?
An online home valuation is a helpful starting point, but it may not account for renovations, upgrades, condition, unique features, or other details that can influence your property’s value. For a more personalized assessment, a Comparative Market Analysis can provide additional insight based on your home and the local market.
TWO WAYS TO PERFORM HOME VALUATIONS
Comparative Market Analysis
A Comparative Market Analysis (CMA) is prepared by a real estate professional using recent sales of comparable properties, current listings, local market conditions, and the unique characteristics of your home. It provides a personalized perspective on how your property may be positioned in today’s market.
Professional Appraisal
A professional appraisal is an independent opinion of a property’s value completed by a licensed or certified appraiser. Appraisals typically include an evaluation of the property, comparable sales, and current market conditions, and are commonly required by lenders for purchases and refinances.
WHERE TO START
Know Your Home Value
Start with a clearer understanding of where your home stands in today’s market, using current market data and local trends.
Explore Selling Options
We’ll walk you through all your options so you can make the best decision for your needs.
No Pressure. No Obligation
This is about you. Explore your options and decide what’s best for you, on your own timeline.