How to find the value of a home
Searching “how much is my house worth?” online reveals dozens of home value estimators. In fact, 22% of U.S. homeowners who determined their home’s value used an online estimator, according to a current survey. The technical term for these tools is the automated valuation model or AVM. If it sounds complicated and not necessarily accurate, you are correct. These tools use public records like property transfers, deeds of ownership, and tax assessments along with some mathematical modeling, these tools try to predict your home’s value based on recent sales and listing prices in the area.
Seagroves Realty has the Answer
If you are thinking of selling your home, you’ll need to know exactly what it is worth before putting it on the market. As Durham area real estate professionals, we analyze home values and determine market prices every day. By comparing your home to recent sales and other, similar homes on the market we can quickly tell you what your home is worth. This analysis is known as “Comparative Market Analysis”, or CMA. Seagroves Agents will perform a CMA for your home and provide you the results for free.
Reach out to us using the form below (we guarantee your privacy) or contact any of our professional real estate agents.