What’s My House Worth?
At the end of the day, a house is only worth what a buyer is willing to pay for it. Until a property is actually sold at market to a buyer, it’s value can be estimated, but not known for certain.
Market value is an opinion of what a property would sell for in a competitive market based on several factors. These include the features and updates of the property, the overall supply and demand in the current marketplace, and what other similar condition properties have sold for.
Recently sold, nearby houses, that are of similar size, year built and construction type.
Increases or decreases in value to account for differences between the neighborhood comps and the subject property.
Taking into account the current buyer demand, inventory availability and time of year.
Evaluating all of these factors requires access to the MLS, specialized knowledge and years of experience. We’re happy to share our experience and access to current market information to accurately determine the value of your house.
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