
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.
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.
![]() Sellers Start Here |