To determined the market value of your home the first step is to analyze recent comparable sales (“comps”) from the past 3-6 months, focusing on homes of similar size and features within the same or comparable neighborhoods. Then we factor in the current inventory levels (how many similar homes are available), interest rates, local market trends (whether prices are rising, stable, or declining), and neighborhood-specific factors. The property’s age and condition significantly impact value, including maintenance status, updates, and needed repairs. Final adjustments are made based on unique features, with the most weight given to comps that most closely match in age, condition, and location. This creates a value range that reflects current market dynamics and buyer expectations.