What is My Home Value?
A Comparative Market Analysis is an excellent way to get an expert opinion on the value of your home using comparables in your area. This service is free and takes only a few seconds to fill out the form.
If you are wondering what your home is worth, it may be tempting to put your address into an online search and see what kind of results you get. You might be surprised to see that the resulting values can vary by tens of thousands of dollars. Why? Your home is one investment whose value is not easily measured online. The value of your home is based on:
- Where it is located
- Size & Amenities
- Home condition
- How it compares to local properties that have recently sold and for how much
- Buyer demand
Although the first two points are fairly black and white, the others aren’t. It takes a human real estate professional to review these other points to translate how a home’s value is affected.
For example, what if your home has a view of Downtown Bellevue, but your neighbor’s view has been overgrown by trees? What if your neighbor just installed an amazing outdoor living area with new hardscaping and landscaping? What if you recently installed an indoor sauna? The AVM doesn’t usually make these types of adjustments – some of which carry emotional value.
In order to really determine where your home should be priced, you need a pricing expert.