As Realtors people often ask us if we know how much their home is worth. Sometimes folks are thinking about selling their home and other times they simply want to know the value of their home or condo in the downtown, north central or greater Phoenix AZ area.
There are basically three ways to determine the current market value of a home or condo. Sometimes it is very easy to determine and other times, especially with historic homes in Phoenix, it take a fair amount of leg work, data analysis and area knowledge.
- The Urban Team® has performed well over 1000 home value reports for home owners and buyers. We would be happy to help you. There is no fee or obligation for this service, just contact us and we will make it happen. If you own a historic home in the downtown Phoenix area, it is wise to use an agent who has a good knowledge of the various historic districts and home types. Since historic homes are one of our specialty areas, we’d be delighted to help.|
- Some people go to Zillow.com® to see what Zillow® says your home is worth. Sometimes Zillow’s numbers are okay, yet often not. They can not factor in the condition of the homes used in the analysis or verify the accuracy of the data. It’s the old garbage in, garbage out principle. If you have a historic property, Zillow’s Zestimate® is unlikely to price your home accurately. There are simply too many variables. I actually had a Zillow rep tell me that Zillow give Zestimates and Realtors give Xactiments. I thought that was pretty funny.
- You can hire an appraiser to determine how much your home is worth. A licensed appraiser takes thousands of hours of course work and has tools and information few others possess. For accuracy, an appraisal is often the best way to determine home values. It doesn’t come free though and you can expect to pay several hundred dollars for an appraisal in the Greater Phoenix market. On the positive front, an appraisal can often be used to support your asking price when selling a home.
Help Determining How Much Your Home is Worth in Phoenix, AZ
If you would like our help determining the current market value and probable sales price of your home, just give us a call at the number below or use our handy contact form; we’ll get back with you ASAP. As we said before, there is no charge or obligation for this service.
The Urban Team at Realty Executives
7600 N. 16th Street, Suite 100
Phoenix, AZ 85020