What's My Home Worth?
If you are wondering what your home is worth, it may be tempting to put your address into Google and check the results. After all, you can check your bank balance and even your 401K balance with a few mouse clicks, right?
But your home is one investment whose value is not easily measured online. The value of your home is based on:
- Where it is located
- How it compares to local properties that have recently sold and for how much
- Buyer demand
Only one of those three variables is easily measured by a computer algorithm. The second two take research and a human tapped into noticing market trends.
For example, a computer can’t determine the value of a Japanese maple placed perfectly outside a kitchen window or the feeling a potential buyer gets in a living room with a roaring fire and stuffed bookcases, perfect for a rainy Seattle weekend. A computer’s heart can’t swoon over a restored mid-century modern with huge windows and cool details.
In order to really determine where your home should be priced, you need a pricing expert. Let’s get started!