What’s my home worth in Bergen County?
Your home is worth what comparable homes near you have recently sold for, adjusted for its size, condition, lot and updates. Tell Slava where it is, and he will prepare a written valuation from real closed sales, with the reasoning, and go over it with you personally.
Instant check
See the numbers behind your home
Slava’s written valuation
No obligation, personal, and built from the sales a buyer will compare your home to.
How to find out what your house is worth
Four different numbers get called “value”. Only one is built to predict what a buyer will pay.
- Online estimate
- A computer model from public records and recent sales. A quick starting range, but it has never seen inside your house, so custom, luxury and renovated homes can be well off.
- Comparative market analysis
- An agent's estimate of the likely sale price from comparable homes that recently sold nearby, adjusted for size, condition, lot and updates. This is what sets the list price, and what Slava prepares for you in writing.
- Appraisal
- A licensed appraiser's opinion of value, usually ordered by the buyer's lender after a contract is signed, to support the mortgage.
- Tax assessment
- The value your town's tax assessor uses to calculate property tax. It is set for taxes, not for a sale, and can differ widely from market value.
Home value questions
- What is my home worth in Bergen County right now?
- Your home is worth what comparable homes near you have actually sold for recently, adjusted for size, condition, lot and updates. Online estimates are a starting point, but they cannot see your renovations, your street or your view. Slava prepares a written valuation from recent closed sales in your neighborhood, with no obligation.
- What is the difference between an appraisal and a comparative market analysis?
- A comparative market analysis is an agent's estimate of the likely sale price, built from comparable homes that recently sold nearby; it is used to set the list price. An appraisal is a licensed appraiser's opinion of value, usually ordered by the buyer's lender after a contract is signed, to support the mortgage. A sound list price is one the appraisal is likely to support.
- How accurate are online home value estimators?
- Online home value estimators are a reasonable starting range, but they can be well off for one specific house, especially custom, luxury or recently renovated homes in towns with few comparable sales. They work from public records and recent sales, not from walking through your home. Use them as a starting point and get a valuation from someone who has seen the house.
- Should I sell my house or wait for mortgage rates to drop?
- If you need to move, waiting for rates rarely pays off on its own: when rates fall, more buyers come back, but so do more sellers, and the house you buy next costs more too. The useful question is what your home would sell for today and what you would pay for the next one. Slava will run both numbers with you.