What Is My Home Worth

Deciding to sell your home is a big decision. No doubt, you’ll want to close the deal knowing you were paid top dollar.

What is your home worth?

This is the question you undoubtedly have as you start to form those early ideas of selling your home.

Ground Your Expectations

Your idea of what the home is worth is often completely different than what the market thinks. That’s because you have a lot of sentiment tied into the place whereas the market is mainly looking at it through a narrowed lense.

The market is considering things like:

  • Location
  • Appeal
  • Features
  • Schools
  • Mortgage
  • Timing

It’s all about supply and demand so if the market is running hot then you can expect better offers. The opposite applies when the market is down.

Use Online Tools

The easiest way to get a general idea of how much your home is worth is by plugging its data into online tools. These tools aggregate home values from across your area – providing a general estimate based on dozens of factors.

Some of these tools include:

  • Redfin’s Home Value Estimator
  • UpNest.com’s Home Value Estimator
  • Zillow’s Home Worth Tool

Check out a few of these sites and find a median. This should give you a decent price point to work off of. Then, it’s a matter of factoring in the finer features that boost the home’s value.

Leverage Professional Services

Real estate agents and housing professionals are the two types you’ll want to work with.

The agent knows the market and can give you a great idea for the home’s value. The housing professionals, like staging pros, can boost the home’s value before it hits the market.

Both of these individuals offer a wealth of insight about your local housing market. So, make sure you get as much information as you can from them while they’re working on your behalf!

Home Value Research

You’ve got to do your homework when it comes to finding out your home’s true value. Use the information detailed in this guide and other resources to find a happy medium.

You’ll approach the home selling process with the upper hand when negotiating with buyers when you take the extra time to truly understand what your home’s worth.

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