Category Archives: Home Value

In today’s real estate market understanding what a home is worth is becoming more subjective than ever. Over the last 5 years, the market on Staten Island has seen its share of decline, but most homeowners who use a broad spectrum of information on home value usually come up short of understanding the complexities of coming up with a number their home should sell at.
 
So how and where does the process of making a value or self appraisal of a home usually go awry when estimating the value of home?

Pure use of the internet to determine a homes value.

one day the internet may be the place that can attribute the human emotional value to a home. But for now that’s impossible.  A home value caries a considerable intrinsic value, one that reaches beyond aggregate sales data alone. In this real estate market much about how and why a home sells for more or less in determined on a home’s ability to connect with the emotional and more human aspects of a particular buyer. Numbers can’t take subtle locational based attributes to determine a value of a home. A homes location can garner 6 to as much as a 15% difference in value. In many instances, especially in today’s real estate market, a home located just a block away can fare very differently. Quite frankly, aggregate data often seen on websites only takes into consideration hard numbers and not locational benefits, the result often times are a substantial miscalculation of what a home will sell for.

Not cosidering more human factors.

 
From the curb, to the layout, to accessible features like bathrooms and overall neighborhood aesthetics, home values are more subjective than ever. A home’s appeal will have profound impacts than plain comparable home sales data cannot completely make a heavily weighted determination on the sale price of a home. In today’s real estate market its imperative that every aspect of what goes into determining a home’s estimate of value be considered in finding the correct market price for a home.

Not Determing marketing factors.

 
The other aspect that goes into determining a value is marketing. In the digital age, we live in its more complex than at any other point in history of selling real estate or brokering real estate. If I were to ask you as a seller who is obviously looking to possibly buy a home after selling; where are you looking to find your next home? Above any response you’ll get, nearly all will say the Internet. The answer is simple, the complexity of understanding online marketing isn’t. In today’s real estate market a real estate agent’s savvy and a real estate company’s technical infrastructure is the key in making the most of your home’s marketing result in getting the most value out of your home.

So at the end of the day, what’s the best way to find out what your home is worth? We’ll its best to get someone who not only is experienced in selling a home, but someone who understands the parameters of marketing in the digital world we now live to get the most out of what your home has to offer. Getting a combination of the two won’t be simple. If you’re contemplating selling your home on Staten Island RealEstateSINY.com Is a Staten Island Real Estate company that can provide you a free, no obligation in home market evaluation that combines both experience in home sales and technical angles of marketing to get the most of your home’s value.
 
Call 718-668-0423 and schedule a no obligation appointment to see just how much you should be getting when your home goes to market.