Aaron Janus
Aaron Janus
RE/MAX Integrity
Serving Seattle and King County with Care and Integrity.

What is Market Value?

Often times there is confusion and misunderstanding surrounding the terms "price", and "value".  If you really want to know what your home is worth - it's the price at which it sells.  It sounds trite, but it's true.  The problem is that we are used to going to the store and picking up a loaf of bread, seeing the price tag of $3.00, and saying "ok, this loaf of bread is worth $3.00 because that's what the price-tag says".  Not so with real estate.  Putting a sign in the yard with a price tag on it does not create the market value.

Market Value is the price at which a bona fide buyer is willing to pay - a serious seller that is willing to sell - a particular house - in a reasonable amount of time.

One of the first things that we'll do as we discuss the sale of your home is the due diligence necessary to inform you of current market momentum, and where your home compares against similar recently sold and currently active homes.  

If you're looking for a very general ballpark idea of your home's value; below is what is called an Automated Valuation Model, or AVM.  This is the technology that companies like Zillow use to estimate a home's value.  It has never, and cannot possibly take the place of a Real Life Market Analysis by a Realtor, or an appraisal.  A computer program cannot see your remodeled kitchen, or smell the inside of your neighbor's home, or value that fact that you're home is energy efficient.  That being said, it gives you SOME idea, but again, take it with a grain of salt.

If you are interested in a full and complete assessment of your home, including an analysis of the competition, market times, etc., please request a free consultation and we can meet at your convenience.

 

What Is Your Home Worth?

Discover what homes have sold for in your neighborhood.  NOTE: In using this tool, the estimated value of your home is solely based on closed sales in the past 6 months within 1 mile radius of the property address of your search.
Address* City* State* Zip*
Email Address* SQFT* Bedrooms Year Built*
* Fields Required

This Home Estimator is not a formal appraisal of your home's value. If you would like a Comparative Market Analysis, please contact me. I am happy to provide a more detailed report to you.

 

Nobody will work harder for you!
©2010 GraphicalData, Inc.   Site Map