Tag Archives: market value

How to Do a Home Valuation and Get Top Dollar

How to Do a Home Valuation and Get Top Dollar

Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) while still getting top dollar. Buyers will ensure they get a good deal on their next home.

So, how do you accurately calculate a home’s value? After all, the value a home is assigned by the tax assessor and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.

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Automated Valuation Models – Fast, Easy, But Accurate?

AVM tagThere are sites all over the web that offer to tell you what your home is worth.  Simply plug in your address and email, and you’ll get a value.  It’s fast; it’s easy. But is it accurate?

The value is determined by what is called an Automated Valuation Model that analyzes public record data with computer decision logic.  Square footage, age, number of bedrooms and location are easily definable objective data.  The challenge is identifying, measuring and comparing the subjective data.

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