A home valuation determines the current market value of a residential property, which is essential when selling your home. Understanding your home’s true value helps you set the right asking price, attract serious buyers, and maximize your return. By knowing what your property is worth in today’s market, you can avoid underpricing, reduce time on the market, and negotiate with confidence. A professional home valuation provides the clarity you need to make informed decisions when preparing to sell.

The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. It also factors in current market trends and local market conditions. The valuation tool is dynamic and can be influenced by data such as inventory trends, interest rates, and current buyer sentiment.

Online home valuations provide a good starting point and offer a general estimate of your property’s worth. However, they may not factor in recent renovations, unique features, historical value, architectural significance, and subjective market perception that could impact your home’s actual market value. For the most accurate assessment, consider scheduling an in-person appraisal.