Question 1

What does home value mean?

Accepted Answer

Home value, also known as "current market value," is the amount of money a buyer is willing to pay you if you were to sell your house. In other words, it’s the price a buyer thinks your home is worth.

Question 2

Can my home’s value change?

Accepted Answer

Yes, the value of your home can fluctuate over time. There are several factors that affect its valuation, and those factors have a direct correlation to whether your value increases or decreases during a certain period of time.

Question 3

What factors affect the value of a home?

Accepted Answer

The four main factors that affect the value of a home are location, condition, market trends, and recent sales. All of these have a direct impact on how much a buyer thinks your home is worth.

Question 4

How does the Nestimator calculate my home&#x27;s value?

Accepted Answer

The Nestimator uses a combination of data from public records, nearby recent sales, local market conditions, and key insights from the questions it asks you. It takes the data from public records and your insights as the starting point and then analyzes how your home stacks up against the best recently sold properties.

Question 5

Is an online estimate the same as an appraisal?

Accepted Answer

No, online estimates are not the same as an appraisal. A local real estate appraiser will compare your home to nearby properties and provide their analysis in a written report, whereas most online home value estimator tools only know the basic information about a property when conducting an automated valuation. If you want the most accurate opinion about how much your house is worth, it's best to contact an appraiser or find a local realtor you can trust.

Question 6

Can a real estate agent help verify my home’s value?

Accepted Answer

Yes, many real estate agents will provide this as a free service. They do this by comparing your property to homes that have recently sold in your neighborhood and then providing this data to you in a home value report, also known as a comparative market analysis. But you need to be careful because some agents will try to be the agent you work with by intentionally inflating your home's value. Overpromising on home value estimates is a common tactic in the real estate industry.

The Nestimator doesn't just analyze home sale data to provide you with the best home value estimate – it also does it to find the most trusted real estate agents who are best matched to sell your exact home. You’ll see your top three realtors who have been put through the most stringent vetting process for selling agents. You can request a call from any of your local real estate agents when you’re ready to sell. When you do, they’ll be able to verify your Nestimator value by providing you with an accurate comparative market analysis, their expert opinion about which home improvements will help increase your value, and what price will help attract the most buyers and make you the most money.

The most powerful home value estimator