Knowing the estimated value of your own home helps you price your home for sale, as a precursor to an official home appraisal. Understanding your home’s worth allows you to estimate the proceeds of a future home sale, so you can get a better estimate your budget for your next home. And, if you’re shopping, it’s also useful to check the value of homes in the area to ensure your offer is competitive.

Our expert team takes your data and combines it with the latest market trends and comparable property data in your area a useful starting point to help determine an independent and unbiased assessment of what your home might be worth in today’s market. With comparing your home to recently sold properties in the area we have better understanding of its current value or estimate a possible sale price for your home.

Home value is the amount that buyers are willing to pay for a property, depending on a number of factors, such as the location and condition of the home. Fair market value refers to the price that an average or reasonable buyer would spend on a house when there is no existing relationship with the seller, and no extenuating circumstances endearing the buyer to that particular house.

It’s a good idea to check up on our home’s value periodically. When the time comes to sell, buyers are going to look up your address and if the internet says your home is worth less than you’re asking for, it could weaken your negotiating position.

In the weeks and months leading up to listing the property, looking up your home’s value before you sell gives you an idea of how much you can list it for and how your home compares to other listings in the area at that time. You should also check your home’s value when you’re thinking of making major changes to your property, like renovations or your updating property insurance.

After you receive your estimate, we recommend connecting with one of our top real estate agent who will conduct a comparative market analysis on your behalf to lock in a pricing strategy. With an estimate in hand, you can also calculate the cost of selling your home and find out the net proceeds of the sale.

As a homeowner, you can increase your home’s value by doing upgrades such as renovating a bathroom, kitchen, or making adding an addition. When you are considering selling, things such as staging and landscaping can make your home more attractive to potential buyers.

Aside from the typical things that affect a home’s value like the neighborhood, the market, and the size, appraisals also take into account the condition of the house and some other unique factors. If there are several homes that have foreclosed in your neighborhood, that can lower your property value. Nuisance neighbors, neighbors with unkempt yards, and businesses that can cause disturbances, like power plants and factories, can lower your home value as well.

Among things that you can control, peeling paint, poor landscaping, too much “quirks” or unique personal touches on the property, extensive carpeting, or any upgrades that weren’t up to code affect your property value.

The cost of an appraisal varies depending on the city and state, but nationally, they average between $300 to $400 for a single-family home. Larger homes can cost more.