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Estimate your Home's Value Instantly for FREE!
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Estimate your Home's Value

How much is your house worth?

The most important first step you can make in selling a house is calculating an accurate fair market value. Price your home too low and you may lose thousands. Price your home too high and you may price yourself out of the market and never sell your home.

A home priced too high may sit on the market for a long time making it hard to get a good offer. If your real estate is for sale for a long time (and buyers and agents know how long your home has been for sale), a potential buyer will think you might be getting desperate, so they will make low (and often insulting) offers. By overpricing your home in the beginning, you could actually end up settling for a lower price than you would have normally received.





Home value tools & resources:

There are several ways to determine your home's value using the Internet—some are Free and some are a minimal cost.

HomeGain.com - FREE Home Estimate

Get an instant estimate of the value of your home at HomeGain.com. View a list of homes recently sold in your neighborhood including the date sold and sale price.

Enter your address in the box below to get a Free Online Estimate:

 

ACCURACY: The house values listed in HomeGain's results are accurate values of homes sold.

SCREENSHOT:

 
Home Value Estimate Tools:
HomeGain (FREE)
ZIP Realty (FREE)
Domania.com (FREE)
Zillow.com (FREE)
Conduct your own research (FREE)
Get a (CMA) Comparative Market Analysis 
Get an Appraisal by a Local Appraiser
Additional Costs to consider
Test the Waters
Leave room for negotiation



ForSalebyOwner.com
  Property's Zip Code
 

Home Gain Estimate Home Value

Save on REALTOR® Fees. Let listing agents compete for your business!


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ZipRealty.com - FREE Home Estimate

Find out how much your home is worth for Free on ZipRealty.com. Instantly get 3 home estimates. Find out what your home is worth!


Domania.com - FREE Neighborhood Comps

Use Domania.com's instant free tool to find out how much another property sold for in your neighborhood, street, etc... See a full history of how much a home sold for throughout the years.

ACCURACY: The house values listed in Domania's results are accurate values of homes sold.

SCREENSHOT:

Domania results page

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Zillow.com - FREE Home Zestimate

FREE - Zillow.com has a powerful online tool which instantly calculates a "zestimate" value of your home based on your square footage, number of bedrooms and baths, homes sold recently in your neighborhood and more. This amount changes daily as info is updated into their database.

ACCURACY: Zillow claims to be within 10% accuracy of the value of the home. We find that because of the mass amount of data going into Zillow's calculations everyday, the "zestimate" of your home can vary by tens of thousands or more each and everyday. (For example, a house we looked at was $430,000 one day and only $360,000 on another day.)

CONCLUSION: Zillow never claims that one should use the "zestimate" tool as a replacement for an appraisal. Zillow encourages you to use the calculation as "a good starting point" in researching the value of your home.

SCREENSHOT:

Zillow results page

 

 

 

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Conduct your own research of Neighborhood Homes - FREE
  • Collect real estate flyer's of neighborhood homes to compare to yours (FSBO's and Real Estate Agent's) Find out what kind of successes and failures they've had.
  • Pick up local real estate books and newspapers to find properties for sale in your neighborhood
  • Attend any "Open House" events of homes in your neighborhood

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CMA (Comparative Market Analysis)

A CMA is an informal estimate of your home's market value. A real estate agent makes an analysis based primarily on sales of comparable homes in the neighborhood. If you are considering listing with an agent, they will usually do a CMA for you at no charge. This will also give you a good idea of what your asking price should be.

Selling Your Home? Let REALTORS® Compete For Your Business!

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Get an Appraisal by a local Appraiser

$200.00 to $400.00 - A certified appraiser will come to your home to perform a physical valuation of your home at a given point in time. This is usually very affordable, ranging from $200 - $400. An appraisal carries a lot of weight in justifying your asking price with potential buyers. The appraisal will give you a very good estimate on a realistic listing price that is reasonable and competitive.

The appraisal takes into consideration such things as:

  • Home's square footage
  • Construction quality
  • Home design
  • Floor plan & layout
  • The neighborhood
  • Convenience to shopping, schools, and transportation
  • Lot size, topography, landscaping and views


Additional Costs
As you calculate your Asking Price, consider those extra costs of selling your home (or preparing your home to sell) such as improvements, repairs and advertising. Include budget in your selling incentives. For instance, y
ou may want to offer a "cash back at closing carpet allowance" if your carpet is old or a non-neutral color. People love to know they will get cash back at closing.

Test the Waters
It's critical that your home be competitive in price. Buyers do comparative shopping and act fast on a good deal. A good priced home will attract attention and generate activity from home buyers and brokers. If you aren't seeing any traffic from buyers, it is a clear indication that the listing price is not satisfying the marketplace test.

Leave room for negotiation
Buyers like to know they are getting a good deal. If you list your house for $250,000 and refuse to negotiate an offer received of $245,000, your potential Buyer may not feel that you are a willing participate in this "negotiation".

If $250,000 is your goal for this sale, you may want to set your price slightly higher so there is room for negotiation... about $260,000 to $265,000. But don't price it too high or you won't get any phone calls. If you receive an offer an offer and come down to your desired price of $250,000 - then your goal is met and the buyer is also happy to have gotten a good deal.

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(Misspelled words: fsbp. fbso, fosb, fobs, estimat, estamate, house valu, stimate, esimate, etimate, vslue, house 4 sale, for sale buy owner, fizbo, fisbo)


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