Get started below to get a home value estimate for your McNeil house for free. Please remember, one of the things we love about McNeil is that it is not a cookie-cutter neighborhood, so often times we will have to come out in person to give you a more exact valuation.
How is Home Value Determined?
Home value can be determined by a number of factors, including:
- location of the home
- age of neighbors in the neighborhood
- local amenities
- plans for new construction in the area (schools, hospitals, etc.)
- comparable home sales history
- improvements made to the home
What is Market Value of a Home?
Market value, true market value, and assessed value are all part of the home value process. Often times, people easily confuse these as the same. So what is really the difference?
Determining what price a house will sell at within a reasonable time period is considered Market Value.
Appraisers take this one step further. Their goal is to find the True Market Value of a home, using not only data from comparable homes, but also taking the physical condition of the home into consideration.
Then there is the Assessed Value. This is the value determined by local tax officials to determine the amount of property taxes paid on the home annually. This is determined based on the market value, appraised value, or a combination of the two.
Standard home values typically pull from the market value, which is why it is always recommended to get an in-person assessment for a more accurate report. If this is something you are considering, you can contact our team to get started at (702) 838-7700 or info@lasvegashomessold.com.
Want to Know More?
To get further details on what goes into the value of your home or to get help in selling your home, contact our team today at (702) 838-7700 or info@lasvegashomessold.com.
