What Your Home’s Value Is Really Based On

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Online home value estimates are a useful starting point, but they cannot see inside your home. Here is what really drives what buyers will pay.

Recent comparable sales

The most important factor is what similar homes nearby have actually sold for recently. Similar means comparable size, age, condition, and location.

Condition and upgrades

Updated kitchens and bathrooms, newer roofs and systems, and good overall condition can all add value. Deferred maintenance can lower it.

Location within the neighborhood

Lot size, the street, views, and nearby parks or busy roads can make a difference between two otherwise similar homes.

Current competition

How many similar homes are for sale right now affects how buyers compare your home and how quickly it may sell.

Questions

Is an online estimate accurate?

It can be close, but automated estimates do not know your home’s condition or upgrades. A pricing review that includes a walk-through is more precise.

How can I get a free estimate?

You can request one on the home value page.

Thinking about selling? Read the selling guide.