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What’s Your Home Worth? Simple Question, Not So Simple Answer!

What’s Your Home Worth? Simple Question, Not So Simple Answer!

Maybe you are thinking of selling or refinancing? Maybe you are thinking about buying? Or maybe you are just curious about the Dallas-Fort Worth real estate market. Whatever the reason, your question is a simple one.

Such a simple question should receive a simple answer, right?

Well unfortunately, determining the value of your home–or any home for that matter–can be a tricky process. You can go online, and nowadays there are endless websites that promise a fast answer with fancy charts and graphs.

As tempting as it may be to trust this information, do you really want to let a computer program tell you what your largest investment is worth? Some of the largest companies in the industry are embroiled in controversy about their online valuation methodologies, and for good reason!

The trouble with these offerings is that they have little to no local market information or relevant comparable sales information. Texas is a non-disclosure state, meaning that home sales price information is closely guarded, and not readily available. How can anyone do an accurate home valuation without access to accurate comparable sales information?

These proprietary algorithms are also not aware that a new park is being built, or that a four-lane highway is being re-routed, or that you or someone else lovingly cared for and maintained the home. They are not aware of the home’s features and upgrades, and current condition, and cannot accurately compare the home with other homes in the area that have recently sold.

Bottom Line

If you are serious about getting an informative price determination for your home, or a home you are thinking about buying, contact a Real Estate Advisor | REALTOR® from Martin Real Estate Advisors, a United Real Estate Company, at 469-262-5411, or just complete the GET IN TOUCH form on this page.

As real estate professionals, we work every day with the actual people who ultimately determine the price of a home–buyers! We consider all the factors that ultimately lead to the value buyers place on a home.

We will share our insights and methodology, and as Real Estate Advisors | REALTORS® we do have access to the latest sales information and active listings in Dallas-Fort Worth.

Real Estate is our profession, something we do every day on a full-time basis. We would be honored to explain everything that affects a home’s value, and help you maximize your return-on-investment from the sale of your home or the purchase of a home.

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