This is how I determine how much my clients’ homes are worth.
If you’re a homeowner, you might be curious about how much your property is worth these days. Clients often ask me whether the estimates they see of their homes online are accurate.
Those numbers aren’t always in line with what’s going on in the market, so I go about estimating my clients’ home values a little differently. First, I pull comparable sales from the last six to 12 months of a similar size and condition to get a decent estimate of the price range. Then I’ll take a look at the home’s condition, updates, and features. That gives me a pretty accurate number. When we go to list, we’ll look at the current market, where things are headed, and how you compare to the competition to determine the ideal list price.
“Online estimates aren’t accurate at all.”
With inventory levels so low in Chicago, I always recommend hitting the private listing network for a few days before going live on the MLS. It can give you some feedback and help fine-tune your price.
If you have any questions for me about buying a home, selling a home, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.