3 Ways To Discover What Your Home Is Really Worth

By Julee Herberth

Hello, I am Julee Herberth, a whole hearted believer in “It’s All About You”. I truly understand the importance of listening, relating to my clients, communicating, being patient, problem solving and helping clients work towards their goals. In real estate this is vital to buying, selling and managing the entire transaction along the way - all while maintaining a 5-STAR experience. I understand the variety of facets involved in the real estate process and am here to make it smooth and stress free!

Whether you’re considering selling, refinancing, or simply curious about your property’s value, understanding how to determine your home’s worth is crucial. Today, we’ll explore three essential strategies to help you unveil the mystery behind your home’s market value.

1. Research comparable sales (comps). Analyze recently sold properties in your neighborhood that are similar to yours in terms of size, features, and condition. Look for properties that have sold within the last six months. They provide the most accurate reflection of the current market. Pay close attention to factors such as square footage, number of bedrooms and bathrooms, and overall condition. Adjust the value of your home based on any significant differences. Take into account the proximity to amenities, schools, and public transportation.

2. Get a professional appraisal. While researching comps can give you a good estimate, a professional appraisal provides an authoritative and impartial assessment of your home’s value. Appraisers consider various factors, including the property’s condition, recent improvements, and the overall real estate market. Clean, organize, and address any necessary repairs before the appraisal to present your property in the best light. Inform the appraiser of any recent renovations or improvements that might positively impact your home’s value.

3. Utilize online valuation tools. Various online tools and platforms like Zillow can provide quick and convenient estimates of your home’s worth. While these tools may not replace the accuracy of a professional appraisal, they can serve as a useful starting point. Different online tools may provide varying estimates due to differences in algorithms and data sources, so consult multiple platforms. For a more accurate online estimate, use our valuation tool here.

By using these strategies, you can gain a comprehensive understanding of your home’s market value. Armed with this knowledge, you’ll be better equipped to make informed decisions regarding your property. If you have any questions, don’t hesitate to reach out by phone or email.