A home valuation is an estimate of a property’s current market value—it is the price that a buyer is likely to pay in today’s market. It’s used to support key real estate decisions such as pricing home for sale, making a competitive offer, refinancing, or planning for equity and investment goals.
Your home’s value is determined using a combination of key factors, including its location, age, size, condition, recent upgrades or renovations, and the sale prices of comparable homes in your area. Current market conditions—such as supply and demand, inventory levels, interest rates, and buyer activity—also play an important role.
Online home valuations provide a helpful starting point and offer a general estimate of your property’s worth. However, they often cannot account for recent renovations, unique features, architectural details, neighborhood nuances, or current buyer demand that may significantly impact your home’s true market value. For the most accurate assessment, contact us for a personalized, in-home comparative market analysis that considers your home’s unique features and delivers a more reliable valuation.