Q: How much is your home worth?
Posted in Real Estate Market |
A: How much a buyer is willing to pay for it.
There are many different people who are interested in how much your home is worth. When you are purchasing your home, what the seller thinks the home is worth, what the appraiser thinks the home is worth, what your hazard insurance company thinks the home is worth, and what the county thinks the home is worth are all very different. But, the most important opinion is yours (the buyers) opinion.
In a recent article in the Pioneer Press, a reporter investigated a number of free and low-cost home valuation services, including zillow.com, realestateabc.com, housevalues.com, instanthomevaluations.com, to try to determine how much a Seattle home was worth. They experienced a 29% spread in estimates.
