Setting the right price for your home is very important. Buyers are less likely to be interested in a property that's priced much higher than similar houses, but you also shouldn't undervalue your house. Not only will you lose money on the deal, but buyers may also be wary of it, assuming there must be something wrong with it. 

So, how do you find the right price? Dealty makes real estate simple with our home value estimator. Here's how it works. 

Instant Home Value Estimate – Know Your Property's Worth

Several factors go into determining the value of a home, including how desirable the neighborhood is, how much similar properties have sold for, and more. Dealty uses the same data and metrics that real estate agents use to determine a property value, and we make it available to you, the homeowner. You no longer need to work with a real estate agent to get an estimate. Dealty provides an easier way to get this information on your own. 

How Our Home Value Estimator Works

Dealty was created to take real estate tools and make them accessible to everyone--buyers, sellers, agents, and builders. Our home value estimator is one example of that commitment.

To give you a reasonable price range for your home, our tool analyzes a wide range of housing data for your area. All you have to do is put in your address, and it will quickly access that data, interpret it, and respond with a price range for your home.

Why Knowing Your Home's Value Matters

Many homeowners have a fairly accurate idea of how much their home is worth, nobody knows your neighborhood better than you. Getting an objective, fact-based estimate of the appropriate price range is a great way to take your emotions out of the decision. The right asking price will bring more interest to your listing and make the selling process go much more smoothly. 

Factors That Affect Your Home's Worth

A range of elements impact the value of your home. They include:

• Location - A desirable location will boost your asking price.

• Condition - If you've cared for your home, it's likely to be easier for the new owners to maintain. 

• Upgrades - Improvements, such as a new kitchen or landscaping, make a property more valuable than its neighbors.

• Comparable properties - How much sellers get for similar homes in your area is important. It shows how much buyers are willing to spend and takes into account the current housing market. 

What's the Difference Between an Estimate and an Appraisal?

An estimate is an educated approximation that gives you a range of reasonable prices for your home. On the other hand, an appraisal is an evaluation of a property that's done by a licensed appraiser. The appraiser looks at the property and applies standardized methods to come up with a value.

An appraisal is usually used by lenders to determine if the property is worth enough for them to loan the buyers the money to purchase it. If the asking price is higher than the appraised value of the home, they may not approve a loan.

Thinking of Selling? Get a Free Home Valuation Today

If you're ready to start the process of selling your home, the first step is to gather information. Finding out how much your property is worth is a great place to start. Using our home value estimator is quick and easy, and it will help you decide what direction you want to go. Take a look at how Dealty has simplified the world of real estate and how we can help you today!