Need an easy way to find your estimated home value in St. Augustine, Florida? If you want to sell your home fast and for top dollar, you’ll need to know its market value.
Many home sellers turn to online tools to estimate how much their home is worth. However, these tools tend to be inaccurate. To give home sellers in St. Augustine an alternative, our team at Your Home Sold Guaranteed Realty - Phil Aitken Home Team has created the perfect solution.
In this post, we’ll discuss our free home value calculator and how home sellers can use it for a successful home sale. We’ll also cover some factors that influence property value, along with several different ways to calculate it.
What Factors Influence Property Value?
1. Condition of Your Home
The overall appearance and condition of your home are key factors that impact market value. While some aspects of your home, such as its age and square footage, cannot be changed, you can still increase its value in other ways.
This includes taking care of necessary repairs, making upgrades, and renovating key rooms like the kitchen, living room, and bathroom.
2. Surrounding Neighborhood
The location of your property in St. Augustine also influences its value. Ultimately, your home is worth whatever a buyer is willing to pay for it. So if the location meets the needs of a prospective buyer, they might be willing to pay more for it.
For example, a young professional may find more value in a property located closer to their workplace. On the other hand, a family with children may prioritize a home near top-notch schools.
The overall condition of the neighborhood can also affect its value. If the area has high crime rates, it’ll likely have lower home values because there is less demand.
3. Economic Climate
The health of the housing market is closely tied to the economy. So changes in inflation, interest rates, recession, unemployment, and other economic conditions can influence home values.
For instance, rising interest rates lead to higher mortgage payments for home buyers. This leads to decreased demand for homes, which prompts home sellers to reduce their asking prices to attract buyers.
How Can You Find Your Estimated Home Value in St. Augustine?
1. Online Valuation Tools
Many homeowners turn to online tools like Zillow Zestimates or Realtor.com to estimate the value of their property. But while these sites can be good for an initial estimate, they’re often highly inaccurate.
These online tools aren’t tailored to your local market, so they don’t have the same up-to-date information as a realtor. They also fail to consider the impact of off-market homes on home valuations.
Online tools that are designed with your local market in mind can give you a more accurate estimate. At Your Home Sold Guaranteed Realty - Phil Aitken Home Team, we’ve created a free home value calculator to help you discover how much your St. Augustine property is worth.
This tool pulls from our databases, so you can rest assured your home valuation is based on reliable, up-to-date information.
To get started, visit this page and fill out the form.
2. Hire an Experienced Realtor
Ultimately, real estate professionals can help you find your estimated home value in St. Augustine. Even if you’re early in the home selling process, it can be worth it to reach out to a realtor and see if they’re willing to give you an estimate of your home’s value as part of an initial consultation.
They’ll perform a comparative market analysis, which involves researching recently sold and currently listed homes in the area to determine your home’s value.
3. Work With a Home Appraiser
You’ll need to hire a home appraiser if you want more than an estimate of your home valuation. Appraisers look at your home’s condition, location, comparable properties, and the overall market. Based on their findings, they create an in-depth report detailing your home’s market value.
Once you begin negotiations with an interested home buyer, they’ll be required by their lender to hire an appraiser in order to get their mortgage approved. However, this doesn’t mean you can’t hire your own appraiser beforehand.
Sell Fast if You Know Your Estimated Home Value in St. Augustine
If you need to find your estimated home value in St. Augustine, Your Home Sold Guaranteed Realty - Phil Aitken Home Team is the best realtor to work with. We have years of experience selling homes in the St. Augustine area. We’ve helped thousands of people sell their homes fast and for top dollar, and we know we can do the same for you.
Our clients love working with us because of our exceptional customer service, legendary selling speed, and unique seller guarantees.
This includes our Guaranteed Home Sale Program, which ensures your home will sell within your desired time frame. If it doesn’t, we’ll buy it ourselves.