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HOW MUCH IS YOUR HOME WORTH?

INSTANT VALUATION | EXPERT ADVICE | SELL FOR MORE

WHAT'S
YOUR
PROPERTY
WORTH?

Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to borrow against it or sell it for. 

Our tool provides a more robust, accurate assessment than you’ll get from the major real estate portals. For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.

WHAT IS A HOME VALUATION?

A home valuation determines the current market value of a residential property. It is crucial for real estate transactions, preventing excessive borrowing and financial losses. When getting a mortgage, the home acts as collateral. If the borrower defaults, the lender may sell the property to recover funds. A thorough home valuation safeguards the lender's ability to recover costs if the mortgage is not fully repaid.

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HOW IS THE VALUATION OF MY HOME CALCULATED?

The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. It also factors in current market trends and local market conditions. The valuation tool is dynamic and can be influenced by data such as inventory trends, interest rates, and current buyer sentiment.

HOW ACCURATE IS THE ONLINE HOME VALUATION?

Online home valuations provide a good starting point and offer a general estimate of your property’s worth. However, they may not factor in recent renovations, unique features, historical value, architectural significance, and subjective market perception that could impact your home’s actual market value. For the most accurate assessment, consider scheduling an in-person appraisal.

BROWSE MARKET LISTINGS

HOW IS A VALUATION PERFORMED?

Two Accurate Ways to Perform Home Valuations

MARKET ANALYSIS

COMPARATIVE MARKET ANALYSIS

Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. It evaluates similar homes that have recently sold in the same area. Agents find comparable sales and use them to conduct a sales comparison. In most cases, an agent will find three homes that have recently sold and are as similar to and located as close to the home being valued as possible. Each one is then analyzed to pinpoint differences between it and the home being valued. Once these differences are priced out, the price of each comp is adjusted to see what it would cost if it was identical to the home being valued were it to be sold in the current market.

BASED ON A PROFESSIONALS OPINION

APPRAISALS

An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the cost of the appraisal, sometimes up to $500, is paid by the homeowner. An appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the home, including an exterior building sketch, a street map showing the home and any comparable sales, photos of the home and street, an explanation of how the square footage was calculated, and any other relevant information.

WHY IS VALUATION IMPORTANT?

Situations When a Home Valuation May Be Necassary

REFINANCING

Lenders base the amount of their loans on the value of your property and usually allow you to borrow a maximum of 75% to 96.5% against your property. Knowing what your home is worth allows lenders to calculate your equity in the home. The more equity you have, the better terms you will receive on your refinance.

QUALIFYING FOR CREDIT

HOME IMPROVEMENTS

PLANNING

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WORK WITH US

Partner with Davante Alexander & Associates to elevate your property's market presence. With Compass, original lifestyle videos, and bespoke marketing campaigns ensure your property captures the attention of high-net-worth buyers. With advanced tech-driven exposure, elite invitation-only events, and a concierge experience tailored to both buyers and sellers, we are dedicated to accomplishing your real estate dreams.

 

We look forward to working for you, with, and alongside you as we put your dreams into action.

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EMAIL
ADDRESS

11610 Carmel Mountain Road

San Diego, CA 92128

PHONE

Davante Alexander & Associates is a team of real estate professionals affiliated with Compass. Compass is a licensed real estate broker in the state of California, adhering to all equal housing opportunity laws. All information presented here is intended solely for informational purposes. While the data provided is sourced from reliable channels, it is subject to potential errors, omissions, price changes, condition adjustments, sales, or withdrawal without prior notice. No guarantees are made regarding the accuracy of descriptions. All measurements and square footage are approximate. This is not a solicitation for properties currently listed. Nothing contained herein constitutes legal, accounting, or other professional advice outside the scope of real estate brokerage.

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