FREE HOME ESTIMATE
THE KEY ROLE OF A HOME VALUATION
A market-aligned property valuation plays an essential role in real estate transactions. For sellers, an accurate valuation helps set a competitive yet profitable listing price, preventing prolonged market time due to overpricing or profit loss from underpricing. For buyers, a market-driven valuation not only anchors their offers within a reasonable range to avoid irrational overbidding but also ensures compliance with lenders' risk control standards for mortgage approvals, streamlining the transaction process.
HOW IS THE VALUATION CALCULATED?
Property valuation is the result of a comprehensive assessment based on multiple factors. It takes into account the property's location, year of construction, actual usable area, and the practicality of its layout. Additionally, any upgrades or renovations that add value are quantified within the evaluation model. These parameters are cross-referenced with recent sales data of similar properties in the area. Furthermore, the valuation process also considers current market trends and local market conditions. Our valuation tool is influenced by inventory trends, interest rates, and overall market sentiment.
ARE HOME VALUATIONS ACCURATE?
Desktop home valuation tools can provide a preliminary estimate of your property’s value, but they have limitations. They do not fully account for factors such as renovation investments (e.g., high-end kitchen upgrades, smart home enhancements), unique property features (e.g., architect-designed gardens, rare scenic views), historical significance, and subjective market perceptions (e.g., buyers’ emotional premium on location, aesthetic preferences).
Therefore, if you are planning to sell your property, we strongly recommend an in-depth, in-person evaluation to obtain a comprehensive and accurate valuation.