How Much Is Your Greenfield Home Worth?

We receive many inquiries from homeowners throughout Greenfield who are contemplating placing their home on the market. The primary question most homeowners have is:

“Rich, what is my Greenfield home really worth?”

It’s really a simple question but in reality, it can be a very complex answer.

Most people have seen an on-line estimate of their Greenfield home's value within seconds of searching for it on the web. The selling price of your neighbor's home is another useful indicator of value. Currently listed homes in Greenfield can also give a seller some idea of the value of their home when comparing them to similar homes.

This is how you get started with an estimate of your home’s value. However, the estimates and other information about homes for sale on the Internet do not determine the price that a buyer will pay for your home.

Many Greenfield home sellers make this same error. The house down the street is listed at $450,000 so your home must be worth at least that much.

Maybe.

The price that a home is listed for and the price that a home sells for are two different numbers.

When determining the value of a Greenfield property I look at the sales of comparable properties and use those to make comparisons with a property to determine a fair value.

Then we start making comparisons.

Is your Greenfield home larger or smaller? Are the finishes newer? Does your home have a finished basement? Is it a 2 car garage home? Is the roof newer? Is the lot larger?

Those differences matter.

Online home-value estimates are great tools for the owner of a home in Greenfield. Yet, I would never recommend that a seller rely exclusively on an estimate of a home’s value created by a computer for making a decision as important as selling a home.

You should be very wary of relying on online Home Value Estimates for major financial decisions.

A computer has not been through your home, and therefore, it does not know that you have a brand new kitchen in the home that you purchased three years ago. Conversely, it also does not know that you have a bathroom that was left unchanged since 1987.

So, compare that to the local expert, the Greenfield WI Realtor, who physically goes to look at your Greenfield home.

Also don’t get stuck with an old sale that has little value to today’s market.

Real estate conditions change over time as does inventory, interest rates and demand by buyers.

Additionally, even in a city as small as Greenfield WI, there can be quite a bit of variation in how the different neighborhoods within Greenfield perform compared to each other.

The value I come up with for a Greenfield homeowner will include recent comparable sales, current market competition, and other properties that are similar to your Greenfield home.

I am also very interested in what features of your home will sell well with buyers and what features they may look down on when viewing your home.

I have a good idea of what buyers notice about a home and how they perceive certain features.

Don't Confuse Value With What You Need

This is an important one.

Maybe you need $400,000 from your Greenfield home to make your next move work.

Unfortunately, buyers don't know what you need.

The market determines value.

I like to start by figuring out the highest value that I believe your home will reach and then we can compute your mortgage payoff, your expected selling expenses and your net proceeds.

Now we have something useful.

The value of your Greenfield home is much more than the number at which to list a home.

It helps answer the bigger questions.

Can you afford your next home? Will down-sizing and paying off your mortgage work for you? How much equity will you have in your current home to buy your next home before selling? Will moving from Greenfield be financially beneficial for you?

I have Home Selling Realtors in Greenfield WI ready to serve you whether you are ready to sell tomorrow or next year!

I can come out and review the numbers to arrive at a realistic value for your Greenfield home.

No pressure. No For Sale sign required.

Let's get the number right first.

Then we can figure out what comes next.

See how I sell homes in Greenfield and how I help buyers in Greenfield. I'm Rich Barnes with Realty Experts, and I answer the phone: 414-899-8146.