What’s My Home Worth?

If you’re a seller, coming up with the right asking price is critical. This directly affects your ability to get a reasonable amount at the time of sale.  And despite rumors, if you think that waiting for your neighbor’s home to sell will make it easier, the process is more involved than that.

In the ever changing real estate market, you need an experienced Realtor that understands the process to price a home to sell in any market.

After all, the very definition of “market value” is what a potential buyer is willing to pay for your home. It is important to zero in on what that number will be by looking at many factors.

Finding Your Home’s Market Value

Many factors should be considered when evaluating the market value of your home such as  if your home has a swimming pool, a view of the city or mountains,  a second story, is located on a corner lot — even what construction materials were used — can be important to a buyer and thus are important when determining a value.

However, some of these details may not have a large impact on your home and neighborhood. This is where an experienced Realtor like James Wehner can help you analyze all the data and all the relevant values of the comparable properties and come up with a pricing strategy.

One approach to determining the value of your home is to use an average “price-per-square foot” model which takes the same comparable properties and normalizes everything that is the same about two properties to give a value to what is different about one or the other. If your home has a lot of upgrades however, this approach may not be as effective in generating the greatest return.

If you would like to receive a no obligation estimate of your home value, considering the approaches we have discussed as well as others, please fill out the information below and I will get back to you promptly.