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WHAT'S YOUR PROPERTY WORTH?
WHAT'S YOUR PROPERTY WORTH?
Property valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to borrow against it or sell it for.
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My tool provides a more robust, accurate assessment than you’ll get from the major real estate portals. For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.
WHAT IS A PROPERTY VALUATION?
A property valuation is an estimate of your property’s current market value. It plays an important role in real estate transactions by helping prevent over borrowing and financial risk. Because your home serves as collateral for a mortgage, lenders rely on accurate valuations to ensure they can recover costs if the loan isn’t repaid.
HOW IS THE VALUE OF MY PROPERTY DETERMINED?
Your home’s value is based on several factors including its location, size, age, condition, and any upgrades or renovations. Recent sales of comparable homes in your neighborhood, along with current market conditions, also influence the valuation. Market trends such as inventory levels, interest rates, and buyer demand can further affect the estimate.
HOW RELIABLE IS AN ONLINE PROPERTY VALUATION?
Online valuations are a helpful starting point, giving you a general idea of your property’s worth. However, they may not fully reflect recent updates, unique features, or the overall character of your property. For the most precise evaluation, especially if you’re preparing to sell or refinance, an in-person appraisal is recommended.
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