What is my house worth?

There are many factors that can affect the value of your home. Listed below are some of the factors:

  • Competition and demand
  • Home size, features, type, and condition
  • Community, neighborhood, and schools
  • State of the local and/or national economy (e.g. employment, interest rates)

Some of these factors are objective (e.g. size and schools), others are subjective (orientation and type). In addition, houses are not commodities that can be compared easily to each other. Determining the Fair Market Value (FMV) of a house is as much art as it is science.

Online services such as www.zillow.com or www.eppraisal.com are probably off by as much as 30% of the true FMV, simply because these services are using a very limited set of tools to arrive at the FMV of a home. This is true of real estate agents who do not personally inspect the subject home as well as comparative homes.

Please contact us for a comprehensive fair market analysis of your home.