What is Your Home Worth?

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Track Your Home Wealth

Take control. Keep an eye on your home value, loans, equity, market trends & more.

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See the power of extra principal payments or refinancing at the right time.

Build Wealth Faster

Know exactly when to buy, sell, rent, or remodel to maximize your investment.

Westchester County, NY Market Report

Want to learn more about what's happening in your local market? 
Check out the Westchester County Market Report.

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Single Family Homes Values - Past 10 Years

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.

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Different Ways to Determine Your Home's Value

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.

Home Value: Frequently Asked Questions (FAQ's)

1.  What factors influence my home's value?

There are many factors that can influence your home's value, including:

  • Location & Schools: The desirability of the neighborhood, proximity to schools, parks, public transportation, and local amenities.
  • Property Size & Layout: Square footage, number of bedrooms and bathrooms, and overall layout.
  • Condition & Age: The condition of the home, recent renovations, and the age of the property.
  • Market Trends: Current real estate market conditions, including supply and demand dynamics.
  • Comparable Sales: Recent sales prices of similar properties in your area, known as comparables or "comps."
  • Unique Features: Water views, or anything else that makes your home stand out from the competition.

2. How accurate are online home value estimators?

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.

3. What is a Comparative Market Analysis (CMA) and how is it done?​

A Comparative Market Analysis (CMA) is a detailed report prepared by a real estate agent to estimate your home's value. It involves:

  • Evaluating Your Home: Assessing your home's features, condition, and any unique characteristics.
  • Analyzing Recent Sales: Looking at recently sold properties in your area that are similar in size, style, and condition.
  • Current Competition: Considering the pricing of similar homes currently on the market.
  • Market Conditions: Factoring in the overall market trends and economic conditions. A CMA provides a well-rounded estimate based on local data and professional insight.

4. Why should I get a professional appraisal?

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.

  • On-Site Inspection: Evaluating the physical condition of your property.
  • Market Research: Comparing recent sales and current market trends.
  • Objective Assesments: Providing an unbiased opinion based on standardized methods.  Appraisals are particularly important for mortgage approvals, refinancing and resolving property disputes.

5. How can I increase the value of my home before selling?

There are several strategies to increase your home's value before selling:

  • Make Necessary Repairs: Fix any structural issues, leaks, or damages.
  • Upgrade Key Areas: Focus on renovations in kitchens and bathrooms, which often yield high returns.  Redoing floors, and removing old carpeting can drastically change the appearance of a property.
  • Improve Curb Appeal: Enhance the exterior with landscaping, a fresh coat of paint, and clean, well-maintained entryways.
  • Declutter and Stage: Clean and declutter your home, and consider professional staging to highlight its best features.
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Contact Us

(914) 268-6878
​info@sarmientoteam.com

The Sarmiento Team @
RE/MAX Distinguished Homes & Properties
273 Columbus Ave
Tuckahoe NY 10707