As you prepare to sell your house, one of the first questions you might ask is how much your house is worth. More importantly, you want to be sure of the value before you list your home so that you can maximize the return on your investment and price it to sell. The Donnelly Group has a dedicated seller’s agent to assist you with this process. Here are a few things you will want to consider.
What Factors Govern Market Value?
The market value of a home is based on a variety of factors including: the current housing economy, the location of your house, supply and demand, and property conditions. These conditions fluctuate up or down and impact how much your home will sell for, at any given moment in time. In addition, many other factors influence your home’s market value, including curb appeal, number of rooms, lot size, new renovations, updated appliances, and more.
How Do I Find Out How Much My House is Worth?
Professional Realtors® like The Donnelly Group are a homeowner’s go-to resource for determining home value. They can provide you with a Certified Market Analysis (CMA) that takes many factors into consideration such as: recent home sales in the area, current inventory, market conditions, and the added value of features your home may have that others may not. Plus, your Realtor® will have local knowledge about the market that may influence buyer behavior.
Why Not Just Use a Zestimate?
Many homeowners turn to online resources such as Zillow’s “Zestimate” to help determine value, but be very careful! Zestimate calculations are only a starting point in determining a home’s value. According to Zillow.com, “the Zestimate has a median error rate of 7.9%, which means half of the Zestimates in an area are closer than the error percentage and half are farther off.” If you price your home at $300,000 based on Zillow’s estimate, but it’s actually worth 7.9% more, you may be losing out on $23,700! View our video blog for more information on Zillow’s Zestimate.
The Donnelly Group is devoted to serving the needs of our clients with honesty, integrity, and ethical behavior at all times, in everything we do! And, we have a dedicated sellers agent, Diane Donnelly, that is among the top 1% of Realtors in the area. Contact us today for a free Certified Market Analysis and home valuation.
Don’t forget to check out our latest guide: 10 Ways To Sell Your Home Quickly