The term “value” can take many forms, and when buying and/or selling a home it’s important to understand all of them. There are five distinct ways to classify value. Although there are dictionary definitions for each, they are best understood through real-world examples. 1. Market value is the amount that a particular home is worth to a particular buyer. The Uniform […]
Most consumers, and for that matter many Realtors simply do not understand how to properly value real estate and how to effectively determine the market value of a home. Here we discuss three common valuation mistakes: Add value to a property for a bedroom Incorrectly adjusting for square footage Compare non similar style homes with no adjustment Add value to a property for a […]
For those considering selling their home one of the first questions is How Do I Determine the Value of My Home / What’s My Home Worth? Today there are literally dozens of Internet sites out there offering to assist you in determining your home’s value, and probably the most well known among these is Zillow and it’s Zestimate. […]
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