Don’t trust Zillow or other websites to give you the best, most up to date information about What Is My Home Worth.
Services such as these primarily use taxable value and apply inflation factors to this data. The problem with this approach is the data is often months old and they are often unfamiliar with our “micro markets” here in the Bay Area. Would you want to use such data to price your most valuable asset when selling? This doesn’t answer your question What Is My House Worth.
Market pricing is determined by a number of factors, including most recent sales date, pending sales, and homes currently on the market. Market trends also help determine price points for homes. The condition of the home, school district, surrounding neighborhood and community amenities all impact a home’s value. Location, location, location still rings true, with buyers now often seeking things like nearby shopping, transit, and other conveniences when purchasing. Homes in these areas have high demand and are often bid up by multiple offers. For example, homes in our local Castro Valley school district garner a premium over homes not in the district. Demand is high for the limited number of homes available, pushing prices higher.
What Is My House Worth? The bottom line is that no “formula” determines a home’s value, only an indepth analysis can really give you a good sense of what your house is worth if you were to put it up for sale.
Complete the form with your property address and receive a personalized comparative market analysis with up to the minute market data will be provided completely FREE with no obligation. Informed sellers know the answer to the question: What Is My House Worth?