Get A Quick Online Home Evaluation

By providing your address and a brief description of your home, our system will conduct a thorough comparative market analysis by searching the database for similar homes listed or sold in your area.

 

With this current market data, you will be able to determine what your home might sell for if you decided to put it on the market.

 

Some important factors that go into determining the value of your home include:

 

• Location - You may have heard that location is important to real estate. What you may not have realized is the sheer number of factors included in this simple concept. Everything from the general type of area you’re in (urban, rural etc.) to your home’s exact street position and facing can alter its value. 

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• Property Type - Not surprisingly, single-family homes tend to be valued differently than townhomes or condos. If you’re valuing an attached home, the type of building it occupies matters too. One reason for this is that property type is often a good indicator of property size, and size is another important factor that people consider when purchasing a home. 

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• Age - Age plays a factor not just in the general quality and integrity of the home’s structure, but also in the general style it presents. What people value and look for in homes changes over time, and an older home may not conform to the latest trend. Alternatively, some value older homes for their character and charm. 

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• Fixtures & Features - Specific to your home are a collection of fittings, appliances, surfaces, and added features, all of which may shift the value of your home this way and that. This is where home renovations come in as a potentially cost-effective way to boost the value of your home. Added into this category is the general build quality of your home.

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• Local Market Activity - One of the best and fastest ways to check the approximate value of your home is to compare it to recent sales prices for similar homes in your area. While this data isn’t a direct determinant of your home’s value, it is a useful stand in for a number of the factors mentioned above. Recent market activity and trends is also a good indicator of market expectations. If a market is perceived as “hot”, that could boost the speculative value of your home, especially if interest rates are low. 

 

How do I find the actual value of my home?

 

The best way to get a more exact estimate of your home’s market value is to speak with a qualified home evaluator. Talk with an experienced real estate agent who knows your area and arrange for a consultation to begin the home selling process.

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Tania Petrak is an experienced and award-winning broker with more than 17 years of experience in the real estate business. She is also a former lawyer.

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Ready to get started? Contact Tania Petrak today.