Deniece Watkins Smith
Realtor®, ePro, SRES
DRE#01295757
Hi, I'm D.
650-483-2055 Direct
650-887-2171 eFax
Find me on facebook
WHAT IS MY HOME WORTH?
(Also see Pricing My Home)
With personal experience in real estate, both as a Realtor®, and as an
ex-real estate appraiser, I have learned that logical value combined with emotional value is the only way to most closely arrive at a market value estimation for a home.
The logical value of a home is the value that can be concluded by comparing it to other homes statistically. This is the value that computer calculations may give a home. It does not take into account a homes appeal to one's emotions. Logical value is used by banks as a basis for determining the risk they take in lending money on a home.
Not considering the emotional value of a property would be a big mistake. The emotional value is the value of the amazing curb appeal, the meticulous attention to detail the owners have taken, the home being the most beautiful compared to all others in its close vacinity, it smelling spic and span, the prestige of living in a great location, and more. It's the value that appeals to the senses.
When you walk into a home that is on a better lot, is in a better section of the block, has well maintained neighbors, is cleaner, has a better floor plan, is updated with excellent taste, captures more natural light, and more, you understand that the home has more value than homes without those features. The inhabitants would feel more safe in it, more comfortable in it, more proud of it. This emotional value plays the most important role for understanding a home's value and why some people pay more for certain homes than seems "logical". A computer cannot take the emotional factors into consideration.
There must be a balance of both logical value and emotional value to arrive at a good estimate of market value. Somewhere between the, "I would pay anything for this home," and, "The other homes with this square footage cost "this" much," is the market value of a home. The value that takes into consideration how great the home is, combined with the price it would make sense to pay when considering the home as an investment can be called the market value.
In real estate terms, the market value of any one home is the price a Seller is willing to sell for and a Buyer is willing to pay. Each home has its own story, or reason to sell. Generalities are nice, but not commonly what concludes the final selling price of a home.
When you're ready to sell, I'll make your home as attractive as it can be, for the least cost, in the least time, with the least bother to you, then negotiate top dollar for your home. We'll make your home appeal to the senses of interested Buyers so you can sell it for the greatest amount possible.
I'm ready. Are you?
I'm at 650-483-2055 cell or DSoldIt@gmail.com.
Let's examine prices in your city.
Home
Buyers
Sellers
a) The Selling Process
b) My Home, My Temple
c) What is My Home Worth?
d) Prices in My City
e) Preparing My Home for Sale
f) Pricing My Home
References
161 S. San Antonio Rd
Los Altos, CA 94022
Los Altos, CA 94022
Updated June 2011
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