Tag Archives: Determining the Value of My Home

Understanding Real Estate Value

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 […]

Common Real Estate Valuation Mistakes

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 […]