Vinny Steo
Vinny Steo
Owner/Broker

Find Your Estimated Home Value in Baltimore City

When you and your family have made the decision to sell a home in Baltimore City, you will quickly find out that there are a number of important things you need to consider before you post your listing on the real estate market. One of the most essential aspects of the home listing is the price because it is usually the first thing that many home buyers will look at when they find your house.

Figuring out the right asking price will depend on the current market value of your home, so home sellers need to determine the worth of their home before moving on to the next step. In addition to assisting with the asking price, knowing your estimated home value in Baltimore City will also ensure you can budget appropriately for closing costs, repairs, and other important expenses related to selling a home.

Home sellers all have two general goals in common: sell fast and get top dollar for the house. At Your Home Sold Guaranteed Realty - Vinny Steo, our team will make sure you meet your home selling goals, and we will discuss with you the importance of knowing your estimated home value in Baltimore City. With us, you will have access to everything you need to succeed, including our FREE home value calculator.

What Factors Impact Estimated Home Value in Baltimore City?

There are a variety of factors that can impact your estimated home value in Baltimore City, and it is vital that you are aware of these factors before you start thinking about your home’s worth. Home value can change depending on these factors, so it is best to get an updated estimated home value in Baltimore City before you list your home for sale. 

Economy

The local and national economy will most certainly have an impact on your estimated home value in Baltimore City. As the economy changes, so too will the values of homes all over the country. Conditions such as high interest rates, inflation, recession, and unemployment significantly impact estimated home value in Baltimore City, and the housing market’s health is intertwined with the economy. 

Paying close attention to the economy may influence whether or not now is the time to actually sell your home. If interest rates are high, for example, that means home buyers will be getting more expensive mortgage payments. Because of this, there may be fewer home buyers looking to move. If possible, they would rather wait until the rates decrease before they invest in a new home.

When this occurs, home sellers will inevitably lower their asking prices for their homes to account for rising interest rates. If comparable homes in your area are lowering their asking prices, your home’s value will decrease as well.

Baltimore City

The location of your home will play a part in your home’s value as well. This includes such aspects as commute times, proximity to schools, and crime rates. For instance, a young professional with no children may be willing to pay top dollar for a home that is closer to the city center (and his or her job) because of the shorter commute time. But a family is more likely to be interested in a home that is in a good school district.

Neighborhoods throughout the city will also have an impact on the home’s value. If the house is located in a neighborhood with a high crime rate, the value is generally going to be lower due to decreased demand. Be sure to account for all location-based factors as you determine your home’s value.

Condition of the Home

Finally, the condition of the home is going to impact its value as well. Although you cannot change certain factors such as the home’s age or square footage (unless you invest a good deal of time and money into a renovation), you can ensure that the condition of the house is pristine.

Be sure you have taken care of any necessary repairs that need to be done and invest in some upgrades like new appliances. You could also do some minor renovations to make an outdated style look more modern and appealing. These actions will definitely help to ensure you increase your home’s value and keep it at its highest potential worth.

3 Easiest Ways to Find Your Estimated Home Value in Baltimore City

If you are looking for the best and easiest ways to determine your estimated home value in Baltimore City, there are a few methods that work very well. These are: online tools, realtor analysis, and professional appraisers. Read on to find out more about each one.

1. Online Tools

To help home sellers like you get a basic estimated home value in Baltimore City, there are easy-to-use (and often FREE) online tools you can try out such as the Zillow Zestimate and realtor.com. Although they are great for an initial estimate, you should definitely consider getting a second opinion to solidify the value because these online tools are notoriously inaccurate.

Why are they inaccurate? Because they are not localized and tailored to your specific market. They can use basic, widely available information to determine a home’s value, but they cannot get the most up-to-date information like a realtor can. Also, they cannot incorporate the value of off-market homes into the valuation because they do not have access to that information.

In general, finding an online tool designed for your local market for the most accurate estimated home value in Baltimore City can be difficult. Thankfully, home sellers in Baltimore City can use the free home value calculator from our realtors at Your Home Sold Guaranteed Realty - Vinny Steo to figure out how much your house is worth in the current, local real estate market.

Our value calculator is accurate because it uses our updated databases to create the estimate, so you can also rest assured that your home valuation is based on reliable, up-to-date information. All you have to do is provide some basic information about your home, and the calculator will do the rest!

2. Realtor Analysis 

While online tools are great starting points, you will likely want to reach out to a real estate professional such as ours at Your Home Sold Guaranteed Realty - Vinny Steo to figure out the most accurate estimated home value in Baltimore City. Even if you are just starting your home selling journey, talking to a realtor and having them give you an estimate as a part of your initial consultation can provide you a firm foundation on which to start your process.

When you ask for this valuation, the realtor will perform a comparative market analysis. This includes finding recently sold and currently listed homes in the area that are comparable to your home in order to determine an estimate for your property. It is thorough and far more effective than the typical online tools available for the public.

3. Professional Appraiser

If you want to get a 100% full determination of the value of your home (not just an estimated value), you need to call upon the expertise of a professional home appraiser. When the appraiser visits your home, they will incorporate the home’s condition, the city, comparable properties, and the condition of the overall real estate market into their report. This will give you the most accurate determination of your home’s value.

When a home buyer is interested in buying your home, their lender will usually require them to hire an appraiser to evaluate your home before they will approve the mortgage amount. This shouldn’t stop you from hiring your own appraiser to make sure you have a clear idea of your home’s value and to compare with the home buyer’s appraisal.

Our Realtors Help You Sell a Home in Baltimore City 

Are you and your family ready to sell a home but you want to get an estimated home value in Baltimore City before you begin? You’re in luck because our team at Your Home Sold Guaranteed Realty - Vinny Steo is the best in the area! Our realtors have years of experience selling homes in the area, and we will put our expertise and skills to use for you. We guarantee that we will sell your home fast and get you top dollar.

So many clients have put their trust in our team because of our exceptional customer service, legendary selling speed, and unique seller guarantees. We offer the Guaranteed Home Sale Program to ensure that your home sells in your preferred time frame. How can we guarantee it? Because if it doesn’t sell, we will buy it ourselves!

If you are interested in our guarantees, using our  free home value calculator, or simply getting some more information about estimated home value in Baltimore City, be sure to give us a call at 410-220-0016 or fill out the form on this page with the requested information. You can also visit our office

 One of our skilled realtors will send you a detailed response as soon as possible. We look forward to hearing from you!