How Much is Your Home Worth? | Colorado Springs Home Value Estimator

Posted by Joe Clement on Friday, December 21st, 2018 at 11:47am.

 

 

Broadmoor homes for sale in colorado springs

How Much is Your Home Worth? | Colorado Springs Home Value Estimator

Do you live in the Pikes Peak Region? Do you ever wonder exactly what your home is worth?

When you hire a REALTOR® to assess the value of your home you can be sure to have the most accurate assessment of what you may be able to sell your home for. Additionally, there is plenty of information out there to help you find what out what your home is worth, however, it can risky to rely solely on computer-generated results. For example, some tools used to asses your home value might only rely on existing data such as Zillow's Zestimate Home Value Estimator. Often times the Zestimate is a great place to start your home value assessment, however, in other cases, the Zestimate has been known to retrieve results that may be from many years prior which can cause many problems for buyers, sellers and brokers. Imagine you see the value of your home is 600K in the Zestimate but in reality, the home is worth more than 100K lower somewhere around 500K. By hiring a REALTOR® who has been specifically trained to asses the price of your home and include a variety of factors that a computer simply can not generate. 

We understand deciding on a REALTOR® to sell your home can be a challenging task, there are so many great REALTORS® out there how is one to decide which one works for them? One big factor we suggest to look at is tenure. How long has your prospective REALTOR® been doing business in your area? How often (and how successful) have they sold houses in your particular area? These are the questions we suggest asking so you can be sure you are hiring someone with the unique local knowledge to give you the most up-to-date and accurate information. 

Ok, enough with the REALTOR® pitch. We know you understand the value of hiring a REALTOR®. Now let's look at the tools out there to help you figure out the price of your home. 

The piece of existing data that you will be able to use to assess your home value is comparable properties. If you want to get a feel for it just search for an address at the top of this page, or check out our listings then sign up when prompted to. After you sign up you will have access to our MLS database that is updated every 15 minutes so you can be sure the results you are getting are accurate. We recommend looking for recently sold homes in your area of similar size. Calculate the average price per square foot the price that out for your own home. 

If you don't feel like you want to go to all that effort our favorite home value estimator is Smart Home Price:

Understanding exactly what you can expect when selling your home in Colorado Springs is a challenging task for home buyers. If you speak with a REALTOR® at the very least you understand that an individual has the information they need to make a home selling decision. If not, you know that REALTOR® is also backed up under the umbrella of their brokerage. Working with a brokerage that has an established tenure in your area is a good idea. Additionally, it is a good idea to check out that Brokerage's ratings on the Better Business Bureau's site. RE/MAX Properties, Inc. (A+ rating on Better Business Bureau) has been the leading real estate brokerage in Colorado Springs for over 30 years. If there is a brokerage you can trust. It is RE/MAX Properties, Inc.

 

Top Real Estate Brokerages in Colorado Springs

 

Additionally, when you are seeking to know exactly how much you think you might be able to sell your house for and how much capital you will actually gain when the deal is all said and done it is always smart to look at the comparable home sales in your area. If you can find similar homes that have sold around your home you will start to be able to understand exactly how much, and how long it will take to be able to sell your home. 

Colorado Springs has an incredible inherent value to the City as well as the surrounding areas, mainly the natural, open and wild areas in close vicinity to Colorado Springs as well as the many Colorado Springs surrounding areas in the Pikes Peak region. Whether you live in these more rural areas or in the city it is highly likely that the value of your homes has increased since you purchased it. Additionally, it is likely that your home has new comparable homes sales in recent times. It is always wise to check these off, but like we said to start. You can be risking your emotions being heightened when you find out your homes may not be worth what an algorithm will tell you. If you live in Colorado Springs or the Broadmoor Area and would like to get an idea of what your home is worth and would like to get your hands on the most up-to-date and accurate please contact us as we would love to help you out. 

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