Whether you’re thinking about selling, refinancing, or just curious about your equity, one of the most important questions you can ask is: “How much is my home worth?” The answer isn’t always simple—but it is essential for making smart financial decisions.
Your home’s value is influenced by more than just what you paid for it or the improvements you've made. Market conditions, buyer trends, and neighborhood data all play a role. Here's how to get a clear, accurate understanding of what your property is truly worth.
A Comparative Market Analysis is a common and reliable way to estimate your home’s value. It compares your property to recently sold homes with similar features—known as comps. This includes:
A knowledgeable real estate agent can provide a CMA based on local data and current trends, giving you a realistic price range that reflects your home’s market value today.
Online tools like Zillow’s Zestimate, Redfin’s home calculator, or Realtor.com offer instant property estimates. While convenient, these tools rely on algorithms and public data—which may not account for key factors like:
These estimates are useful as a general guide, but they can be off by tens of thousands of dollars. Use them as a starting point, not the final answer.
Many feel if you want a definitive, unbiased home valuation, a professional appraisal is your best option. Appraisers analyze your home’s condition, features, and location and compare it to recent sales data to determine a fair market value.
Appraisals are commonly used in refinance transactions and financed home sales. Expect to pay between $500 and $800 for an appraisal, depending on your market.
While this may be an unpopular opinion, I don’t recommend to most hiring a professional appraiser to most homeowners. If you live in a typical home subdivision for your area, a real estate agent will be able to give you a good competitive without the cost of an appraisal. I only recommend an appraiser for very unique properties with few comparable properties in the area.
Plus, I’ve noticed that appraisers are human... which means that I feel like they tend to go higher on estimated value because they know the person paying the bill.
Just because a home appraises for a value doesn’t mean that buyers will pay that value. It’s dependent on the market and the competition that’s out there.
Your home’s value can rise or fall with the real estate market. Factors that influence the broader market include:
For instance, homes tend to sell for more in the spring and early summer, when buyer competition is strong. If you're pricing your home in a shifting market, it’s important to work with someone who understands local conditions. I always recommend that my client price ahead of the market. For instance, if the market prices are trending lower, we’re better to price below where we think the actual value should be and let the market drive up the prices, rather than overpricing and having to take multiple price reductions chasing the market.
Not all upgrades add the same value to your home. While improvements like kitchen and bathroom remodels, new roofs, or fresh paint and carpet can boost value, others may not provide much return on investment.
Also, overly personalized updates—like custom tiling, bold color schemes, or unique design elements—might not appeal to the average buyer. Focus on upgrades that increase function, appeal, and efficiency.
Understanding your home’s value isn’t just useful when selling—it’s a smart way to monitor your investment and plan for the future. Whether you're listing in the near term or simply staying informed, combining pricing tools with expert insight will give you the most accurate picture.
If you’d like a free, personalized home valuation report, I’d be happy to prepare a Comparative Market Analysis for you—no pressure, just real answers. Reach out today to get started.
Call or text me, Kelly Vandever, at 770-597-1108 and allow me to make your move easier.
Keep a running list of improvements, upgrades, and maintenance you’ve completed. This record will come in handy when it’s time to sell or refinance and helps support your asking price with tangible evidence.
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