What’s Your Boston House Value?

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Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

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For more information please contact one of our on-call agents at 617-595-3712.

Updated:  1st Q 2018

How to get an idea of whether your home would lose value if the real estate “bubble” burst:

What’s Your House Worth Now?

Is the price of your house about to plummet? There’s no one foolproof indicator of a local housing bubble, so the best approach is to evaluate the situation from many angles. It’s important to gauge such factors as construction permit issuance, local incomes, job growth, and rental rates to determine if you’re living in a danger zone. “You have to triangulate,” says Susan M. Wachter, a real estate economist at the Wharton School.

 

US News lists 7 Home Valuation tools that you can use:

 

Zillow: This is the pioneer of the home value estimating tool, and the company continues to refine how it arrives at its Zestimates.

Redfin: This new tool shows you photos and listing information for the exact comps used to arrive at the value of your home.

ForSaleByOwner.com : This site’s Pricing Scout tool gives you the average of a regression analysis and a comparative market analysis to estimate the worth of your home. It also shows recent sales of comparable properties on a map. You have to register to use it.

Chase: This tool allows you to change the information about the house to arrive at a more precise estimate, plus provides information on recently sold homes and neighborhood trends. You can also use it to estimate the value of improvements you’re considering.

Bank of America: This tool shows comparable neighboring sales on a map. It provides only a range of values, not a single number.

Surefield: This site lets you narrow or widen the range of comparable homes, plus exclude specific comps from the list.

eppraisal.com: This site uses data from public records and lists homes sold recently nearby.


Moneywatch says you should consider:
1. Location -Where do you want to live?
2. Compare each visit. Upgrades can add up.
3. What is net useable square footage?

A Realtor can assist you much better than online tools as the local agent has market knowledge that is fresh and sometimes not even record yet.

Another way to get better data is to know what has not only sold but also what is pending about to be recorded.

Below we offer you a choice of for sale, pending and sold in Beacon Hill to assist in determining value.

Beacon Hill

Back to Boston condos for sale homepage

Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

Boston condos

Boston condos for sale

SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated:  1st Q 2018

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