Discover your home’s true worth with online valuations and in-depth strategies like comparative market analysis.
Lately, everyone’s talking about the changes in the housing market. Some people say the market is leveling off, while others think prices are still climbing in certain areas. With all these mixed messages, it’s only natural to wonder, “What’s my home really worth?” I’m here to share three easy ways to determine your home’s value in today’s market.
- Comparative market analysis (CMA). I call this method “the quick and dirty CMA.” It’s simple and gives you a rough idea of your home’s value. Here’s how to do it:
Go to popular real estate sites like Zillow, Redfin, Homes.com, and Realtor.com. Enter your address, and each site will give you an estimated value for your home. Then, take those four numbers, add them up, and divide by four to get your average home estimate.
Relying on just one site isn’t always accurate because each site has its own algorithm. This is why the results of their assessment can vary. By averaging them, you get a more balanced idea of your home’s worth.
- Professional appraisal. If you’re looking for something more official and willing to spend a bit, consider paying for a professional appraisal. There are two types you should know about:
- In-person appraisal. This is where an appraiser comes to your house, walks through every room, measures everything, and checks the condition of your property. They then compare your home to similar ones recently sold in your area.
- Desktop professional appraisal. This is a good option if you want to save money and don’t mind sacrificing accuracy. You give the appraisal company details about your property, and they crunch the numbers without visiting in person.
- Personalized market analysis. Our team offers a market analysis, which is like a mini-appraisal for your property. When evaluating your property, we look at sold homes or historical sales, current pending, and active listings in your neighborhood.
For example, if we see a house listed for a high price but it’s been sitting on the market for a while, chances are it’s overpriced. We provide an accurate market analysis that reflects the current market and keeps our finger on the pulse of what’s happening.
We provide an accurate market analysis that reflects the current market.
In addition, before your home goes live on the market, we take stunning photographs and create a detailed 3D tour, accurate down to a sixteenth of an inch. This allows potential buyers to walk through your home virtually. We even pay for a desktop appraisal that includes these photos and the 3D tour to ensure a solid valuation. So, you’re not just getting my opinion on your home’s value; you’re also getting insights from a local appraiser.
If you have any questions about your home’s value, visit our website, made4morerealty.com, or click on this link, and we’ll give you a detailed estimate of your home’s worth in today’s market.
We can help you choose the best approach to sell your home. Whether you want to go the traditional route or explore a cash offer, feel free to reach out at (855) 935-6673 or email us at [email protected]. We’re ready to assist you with this process.