Get your home's accurate value

Instead of a robot and an algorithm, we use our experience, up to date RMLS data and local market knowledge

*Your report will be prepared by a human being, and due to that, it won't be "instant", but it will be accurate.

 

Here's What Happens Next

Step 1:

Enter Your Address & Info

The most important information we need is your address. We'll also need the best contact information for us to send the report to.

Step 2:

We Get To Work

With our exclusive access to past sales close to your home, knowledge of the current market, and your home's unique features, we'll calculate an estimated value that a current buyer is most likely to pay for your home.

Step 3:

Your Report Is Ready!

We'll send over your accurate home value report as soon as possible. Even if you're not planning on selling anytime soon, knowing the value can help you plan for the future.

 

How is your estimate different from a Zestimate and other online services?

We're humans so our home value reports are all researched thoroughly and made possible by years of experience, local expertise and from having viewed most of the comparable homes.

Online estimates from Zillow, OpenDoor, Redfin, or any online home evaluator using an algorithm is not a valid replacement for a comparative market analysis from a real estate broker. 

We encourage buyers, sellers, and homeowners to supplement Zillow’s information by doing other research such as getting a comparative market analysis (CMA) from a real estate agent
— Zillow

Unfortunately, estimates from these sites are often inaccurate, and the discrepancy in value can be startling. We understand the importance of comparing homes in the same area, but we also know how many other factors can increase/decrease that number that are not included in the "algorithm."

How does Zillow calculate my home's value?

That's the million dollar question (literally). Zillow actually had a contest awarding $1M to whoever can improve their algorithm. Here's an exact quote on how they explain their calculations.

“We use proprietary automated valuation models that apply advanced algorithms to analyze our data to identify relationships within a specific geographic area, between this home-related data and actual sales prices.”

— Zillow

Confusing, right? We get it. Getting an "instant" home value is appealing. Not having to talk to someone is appealing, but there's a cost to that approach. Instant doesn't mean accurate. When something is as important as the value of your home, accuracy matters more.

So, how do you determine my home's value?

There are hundreds of factors that we take into consideration when estimating your home's value, and no two reports are the same. We first take a look at your address. This allows us to see how much neighboring homes have sold for, the desirability of the neighborhood you live in, unique features of your home and the surrounding geographical area, and many more factors. After we have a good idea of what that looks like, we then go more in-depth with our research, including checking the condition of your home, taking into consideration any updates you've made that could make it worth more than your neighbor's. All of this is done by a human being. None of our home value reports run on an algorithm, and this information isn't available to us or you at the push of a button.

Shouldn't we price a little above the value at the beginning so that we can have room to negotiate? We can always go down, but we can't go up.

You may be like some of the people that we meet with, you may think that the longer your home stays on the market, the more offers will come in, creating competition around your home, resulting in the highest offer possible. 

It’s basically like an auction, right? Unfortunately, no. The longer your home stays on the market, the less likely it will sell for asking price (or above). 

Why? Well, if you go to an auction, the bidding price is set, and offers go up as time goes on. But the real estate market place is different than an auction. Amongst a sea of other homes for sale, yours may become stale and buyers could wonder why it hasn’t sold yet, choosing to focus on the new on market homes.

According to the latest information from RMLS, homes that SOLD within 3 weeks of hitting the market received 101% of their list price. Homes that were on the market for over 3 weeks sold at 1.5% below asking price, and homes that were on the market for over 2 months sold at 7% or more below list price. 

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Having an accurate, and more importantly, informed pricing strategy from the start is how your home will be sold quickest and for the most money. You don’t want to price your home too low and neither do we. But you also don’t want to let it sit on the market for too long.

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Your report is being prepared by the LivPortland Team.

"Joe is such a professional. He and his team are simply the best at what they do. We were kept informed every step of the way and answered all of our questions. We've referred him to all of our family and friends!" - Steve B and Family

Please feel free to contact us directly if you have additional information that you think may affect the valuation of your home.