Home Selling in Stillwater>Question Details

Morgoth, Home Seller in Stillwater, MN

how much is my home worth on Willard Street?

Asked by Morgoth, Stillwater, MN Tue Sep 20, 2011

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The more unique and non-traditional a home is the harder valuations are. Typically there are few if any direct comparable sales and many parts that are tricky to value. Many times the "sum of the parts" do not add up to what the limited buyer pool is willing to pay. This and crazy appraisal regulations may make even tougher to obtain financing for.
0 votes Thank Flag Link Wed Oct 26, 2011
If you live in one of the historic homes along Willard, make sure you speak with an agent that specialized in older homes. Stillwater is such an iconic historic town, the agent you choose really needs to understand how to market your home and the town as well. Willard St has a mix of cottage styled homes, two stories, 1950's homes, and those built before 1930. To get an idea of your home's worth, style, condition, and square footage are some of the key items needed. Good luck!

Jennifer Kirby - Broker
Kirby Fine Homes
651-785-3400
0 votes Thank Flag Link Tue Sep 20, 2011
best route to go if you are thinking about selling is interview a couple agents who will provide a market analysis of what we think your home will sell for. If you are just wondering about its value then appraisal is more appropriate, and Zillow is certainly a good start. Although even they will admit the formula is not perfect.

And just FYI tax assessed values are usually about 2 years behind....
0 votes Thank Flag Link Tue Sep 20, 2011
If you're looking to sell, that will depend on the square footage and features of your home. Most agents will look at what is active in the area that is close to the same square footage and features as your home. Then they'll look at what has sold with similar square footage and features. That will give you an idea of your competition and also the direction of the market.

Keep in mind value is what gets buyers interested in your house and it is your agent's job to market that value. A well marketed home with no value won't sell.

Value is created using a combination of condition and price compared to the other homes listed at the time yours is listed.

If your home has better condition and features than your competition and is priced the same as the competition you'll have more value. Another way to generate value is when your home has the same features and condition as the competition and is priced lower than the competition.

If you're looking to refinance, you'll want to have a good idea of what your home is worth before paying for the appraisal. I'm happy to connect you with a couple great Loan Officers and you can choose the one that best fits your needs.

Feel free to call (651) 351-0087 or email nategerard@kw.com and I'm happy to discuss it further!

Best regards,

Nate
Web Reference: http://www.NateGerard.com
0 votes Thank Flag Link Tue Sep 20, 2011
You can start by looking at the tax assessed value and also the 'estimate' on Zillow. Just keep in mind that these are only a starting point and can be inaccurate depending on any improvements you might have made to your home.

Your best bet is to have a Stillwater real estate agent (like myself) give you a market analysis. It is free and will show you what homes have recently sold for, and what neighbors are currently asking for their homes. Hope this helps!

Ben Goheen
651-983-4040
Web Reference: http://mnhome.org
0 votes Thank Flag Link Tue Sep 20, 2011
I'd need to know your address and the homes, condition, size characteristics etc. before I would be able to tell you anything
0 votes Thank Flag Link Tue Sep 20, 2011
Morgoth,

Its hard to say without an address or at the very least the characteristics of the house and its present condition.

Cameron Piper
Coldwell Banker Burnet
612-839-4202
Web Reference: http://www.CamPiper.com
0 votes Thank Flag Link Tue Sep 20, 2011
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