Discover your estimated home value in St. Johns, Fl, with our real estate team. If you’re a home seller, figuring out your home’s market value should be one of the first steps you take.
With our free home value calculator, we have made it quick and easy to find the property value of your home.
In this post, our realtors at Your Home Sold Guaranteed Realty - Phil Aitken Home Team will discuss a few factors that impact property value, along with three methods to calculate it. We’ll also share why our free home value calculator is the perfect tool for home sellers in St. Johns.
3 Factors That Determine Estimated Home Value in St. Johns
1. Home’s Appearance and Condition
Your home’s appearance and condition plays a significant role in determining its market value. Some aspects of the home’s condition can’t be changed, like its age and square footage.
However, you can increase the value of your property by taking care of other elements. This includes addressing necessary repairs, making upgrades, and renovating high-traffic rooms like the kitchen, living room, and bathroom.
2. Economic Climate
Changes in economic conditions can significantly influence home values. For instance, as interest rates increase, homebuyers face higher mortgage payments.
This leads to decreased demand for homes. In turn, this may prompt home sellers to reduce their asking prices to attract buyers.
Other factors such as inflation, recession, and unemployment can also impact the housing market’s health.
3. Surrounding Neighborhood
Finally, the location of your property in St. Johns can also affect its value. Some homebuyers may be willing to pay a higher price for a property situated in an area that meets their needs.
For example, a young professional may find more value in a home that offers a shorter commute time . On the other hand, a family with children may prioritize a home near excellent schools.
Additionally, the condition of the neighborhood can influence its value. Communities with high crime rates may have lower home values due to lower demand.
3 Ways to Find Your Estimated Home Value in St. Johns
1. Online Calculators
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. Johns 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. An Experienced Realtor
Ultimately, real estate professionals can help you find your estimated home value in St. Johns. 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. A Professional Appraiser
You’ll need to hire a home appraiser to determine your actual property value. 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 Your Home in St. Johns For Top Dollar With Our Team
If you need to find your estimated home value in St. Johns, [name] is the best realtor to work with. We have years of experience selling homes in the St. Johns 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.
To learn more about our guarantees or use our free home value calculator, call (904) 544-5252. You can also fill out the form below for more information.