top of page
Search

What’s Your Home Really Worth?

  • Writer: Mike and Elke
    Mike and Elke
  • Jun 25
  • 2 min read

If you're thinking about selling your home—or even just curious—you've probably wondered:“What’s my home really worth?”

You might check online tools like Zillow or Redfin and see a number pop up. But here's the truth: your home’s true market value isn’t determined by an algorithm—it’s influenced by a combination of real-world factors, current market trends, and local buyer demand.

Let’s break down what actually determines your home’s value and how to find out what it’s worth right now.


1. Online Estimates Are Just a Starting Point

Automated Valuation Models (AVMs) like Zillow’s “Zestimate” pull public data to provide a quick value estimate. While helpful for ballpark figures, they don’t see what your home actually looks like inside.

They can’t factor in:

  • Recent upgrades or renovations

  • Curb appeal

  • Layout or flow

  • Neighborhood noise or charm

Use them as a reference, not a final answer.


2. What the Market Says Matters Most

Your home is worth what a buyer is willing to pay—and that depends on:

  • What similar homes nearby have recently sold for

  • How fast homes in your area are selling

  • Inventory levels (Is it a buyer’s or seller’s market?)

This is where a Comparative Market Analysis (CMA) from a local real estate expert comes in. A CMA compares your home to recent sales and active listings to find a realistic price range.


3. Your Home’s Condition Counts

Two homes on the same street with the same layout can have different values depending on:

  • Interior updates (kitchen, bathrooms, flooring)

  • Roof, HVAC, and plumbing age

  • Curb appeal and landscaping

  • Overall cleanliness and staging

Small updates like a fresh coat of paint or replacing old fixtures can make a noticeable difference in perceived value.


4. Location Still Reigns Supreme

Real estate’s golden rule—location, location, location—still holds true. Factors that influence value:

  • School district ratings

  • Proximity to shopping, dining, and transportation

  • Noise levels or views

  • Walkability

Even homes with similar square footage and finishes can vary in value based solely on neighborhood desirability.


5. The Emotional Factor (Yes, Really)

Buyers don’t just buy square footage—they buy feelings. A well-staged, well-marketed home can generate stronger offers because it connects emotionally.

Homes that “feel right” often sell faster and for more—especially in a competitive market.


Final Thoughts

So, what’s your home really worth? The best way to find out is to talk to a local real estate expert (hi 👋). I can give you a free, personalized home valuation based on current market conditions, recent sales, and your home’s unique features.


Thinking about selling soon or just curious? Let’s chat—I’d be happy to give you a no-pressure, no-obligation home value estimate.

 
 
 

Comments


EHO-B.png
KellerWilliams_PremierRealtyLakeMinnetonka_Logo_CMYK.png
  • Instagram
  • Facebook

© 2022 by The Posting Agent

bottom of page