A Professional Home Equity Evaluation
Then they break this value down using the number of bedrooms, square footage, lot size, zip codes, and many more considerations.
The end result of all the comparison and sorting of the features is to let you know the market value of your house. Further, this would be based on the price range agreed upon by thousands of buyers.
Note that this price assessment is only to provide a market value of the house. The seller is free to raise the price if they feel that their house is more valuable than the other houses. They may also request less money if they are in a hurry to sell it.
Meanwhile, buyers can utilize the outcomes of a professional home equity evaluation to look for errors. If a home is highly-priced compared to their neighbor, there must be a genuine reason behind that, such as an exceptional feature that costs more. For instance, there might be an additional architectural feature. A lower price indicates a bargain or a fixer-upper.