Posts with tag 'Home valuation'
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How Does My REALTOR® Determine My Home's Value?
If your home will soon be among Excelsior homes for sale, you're probably starting to wonder just what your home is worth, and how your REALTOR® will determine it. Home valuation relies heavily on the "market" it's in, hence the "housing market" terminology many real estate agents frequently use.
What exactly does a real estate agent use to determine your home's value, though? That's what we're looking into today to help you figure out how you and your REALTOR® can determine your home's value.
Online Valuation
National online databases such as Zillow and Redfin estimate your home's value by using real estate sales and other market factors in your immediate area.
These tools are handy, but they fall short of taking in every factor of a home's value including remodeling, proximity to certain amenities, and other intrinsic aspects of your home's worth. Online resources give a big-picture overview, but your REALTOR® can get a much more detailed idea of what your home is worth.