Watch below to learn about the differences and what might be the best fit for you! If you don’t want to see the video, read below for a breakdown. Enjoy!
When you want to know what your home is worth there are a couple different options for you. You can reach out to your favorite realtor and ask them to send you a comparative market analysis also known as a CMA. Or you can use a instant home value finder like the one on Zillow called a zestimate. We will break these both down for you.
The simplest thing to do is log in to a website and enter your address for a computer generated home value. The upside of this method is that you get the information almost instantly and its very easy to input the basic criteria. These systems use a general radius from your home instead of taking into account the rapidly changing neighborhoods that we know and love here in Portland. It also doesn’t consider any upgrades you may have done or whether your home is nicer than your neighbors, it just averages all the figures across a broad range.
The better option is to reach out to your realtor and have them run the numbers for you. We know the neighborhoods, what you have done to your home and what value those projects bring to your property and we can get laser focused on the recently sold homes to give you a much more accurate number of what your home will sell for in the current market. While the most accurate way to do this would be to walk through your home with you, we can still get you a better number with just a phone call.
No matter what choice you decide to make, we will be here to help you when you decide to sell!