Take control. Keep an eye on your home value, loans, equity, market trends & more.
See the power of extra principal payments or refinancing at the right time.
Know exactly when to buy, sell, rent, or remodel to maximize your investment.
Want to learn more about what's happening in your local market?
Check out the Westchester County Market Report.
Home values have been on the rise for many years, check out the historical data for home prices on single family homes here in Westchester County for the past 10 year.
There are three main ways to determine the value of your home. Having an agent prepare a market analysis, using online tools like Homebot.ai or having an appraisal be done.
Each have their pros and cons. Here is an blog post that goes over the three main ways to determine the value of your home. Unlocking the Value of Your Home: Understanding What Your Property Is Worth.
There are many factors that can influence your home's value, including:
Online home value estimators, like Zillow's Zestimate or Redfin Estimate, provide a rough estimate based on public data and algorithms. While they can give you a general idea, they might not account for specific details of your home or recent local market changes. For a more accurate valuation, consider a Comparative Market Analysis (CMA) from a real estate agent or a professional appraisal.
A Comparative Market Analysis (CMA) is a detailed report prepared by a real estate agent to estimate your home's value. It involves:
A professional appraisal offers a lengthy appraisal report 50-100 pages long. It is conducted by a licensed appraiser who performs an in-depth analysis. Banks rely on appraisals to determine if they are lending an appropriate amount on the sale of a home. Therefore appraised values are critical in selling your home. Although it is not necessary for the owner to pay for an appraisal when selling their home, the buyer is required to pay for an appraisal as part of their loan process. Below are some of the factors in determining the appraised value of a home.
There are several strategies to increase your home's value before selling: