If you’re considering a move, planning a renovation or thinking about your annual property tax bill, you might wonder what your home is worth. In this article, we’ll cover the options you have for assessing your property value.
Online estimators: Quick and easy, but less reliable
Type your address into Google, and you’ll find several websites that offer free value estimates for your home. While these tools can provide interesting insights, we recommend you take the results with a grain (or sometimes several grains) of salt. The algorithm can’t see inside your house, so the estimate doesn’t account for the condition of your home or unique features.
Realtor assessment: No cost, no-obligation
We can’t speak for all Realtors, but we can tell you what we offer. If you schedule a home valuation, we will find a time visit your home. After we see your house, we will provide you with an estimate based on local market data, your home’s unique features, and it’s current condition. We will also share insights about opportunities you may have to increase your home’s value.
If you are trying to protest property taxes, you can use the the information we provide to make your case.
Our home valuations are always free of charge and have no strings attached. It’s a service we offer to you.
An official appraisal
Your final option is a formal appraisal. You likely need a formal appraisal if you’re planning to refinance or establish a line of credit on the home. An appraisal typically costs a few hundred dollars. If you need help finding an appraiser, we are happy to provide recommendations.
Nick & Nicole Real Estate Team 