What Does Home Value Mean?
The current market value of your home indicates how much money someone would likely spend on your house if it were to be put up for sale today.

Why Is It Important To Know My Home’s Value?
Maybe you want to know how much your home is worth in order to decide whether to sell it. Or what price you should ask. Or whether you should do some repairs and renovations first. Because it is your biggest financial asset, it helps to be reasonably informed when you do get ready to sell.

How Does The Property Report Calculate My Home’s Value?
The information provided by this site is based on historical sales price data from public records, and does not constitute a licensed appraisal. Estimates may vary due to particular location, current market conditions, data availability in a particular vicinity, and other issues. See Terms of Use for complete details.

How Accurate Is The Home Value Estimate In My Property Report?
But don’t consider our Property Report an estimate or appraisal of your home’s true value – it’s just a helpful guide and comparison to similar sales. Most important of all, please don’t use Zillow’s estimates as the basis for a real estate transaction. Our service is only a starting place. You should consult a professional appraiser or obtain a Comparative Market Analysis from a real estate agent. If you have questions about your home’s current market value, a real estate agent can help.

How Can A Real Estate Agent Help Me Determine My Home’s Estimated Value?
An agent with Modern Realty Partners will provide you with a comparative market analysis (CMA), which takes all of the data for available comparables and gives you an estimated market value for your home.

Should I Get An Appraisal Of My House?
Buyers typically need an appraisal before writing a check, and it’s in your interest as a seller to get an appraisal, too, so you know what the house is really worth – as well as convincing a prospective buyer that it is, indeed, worth that much. Appraisals usually cost a few hundred dollars, though, so most homeowners don’t usually pay for one unless they’re doing a refinance.

Can My Home’s Value Change Over Time?
Yes, other ones too: for a variety of reasons, home valuation can shift through time. The goal is that the price of your home will ‘appreciate’, meaning that it goes up in market value. However, there is no sure-fire way to know ahead of time if and how these changes could happen.

What Factors Can Contribute To A Change In Home Value?
There is always something going on in the market itself that drives fluctuation in home value. If demand increases, prices usually tend to go up, and vice versa. Of course, you can’t control forces in the economy, the job market, interest rates — things like this influence home value. But there are some things you can do to help your home’s prospects for appreciation over time: make the right upgrades, plan smart renovations.