HOW IT WORKS

At a high level, we use comparable home sales, market data, and local expertise to determine the baseline for the price assessment.

We take other factors into consideration, including:

• Home details. This is the info submitted about your home.
• Local market trends. We consider if homes are appreciating or depreciating in your area.
• Sales of similar homes nearby. We find homes a short distance away that have similar features. and use them as a baseline for your home’s price.
• Special features and upgrades. These are things like kitchen or bathroom upgrades. For example, if your home has granite countertops, and the comparable home doesn’t, our valuation model will factor for the upgrade.

We look at available home data when we’re coming up with your home price estimate, so we want to know if you’ve renovated your home. It’s best to provide us with details of the improvements so we can get you the most accurate price.

While considering the improvements you’ve made to your home, keep in mind the difference between repairs and renovations.

Repairs typically refer to items that buyers expect to be in good condition before they purchase a home. For example, if there is a bathroom ceiling water leakage, or there are tiles missing for the floor, a buyer may reduce their offer price considering these anticipated repairs.

Renovations are improvements made to an item in the home. Examples of renovations are things like upgraded granite countertops or newly installed auto gate.

If you forgot to include an important detail like an upgrade for your report, we’d love to know about it. Contact our team and we’d be happy to reassess your home details for free.