Home Valuation · Lynchburg, VA
How Much is Your Home Worth?
Every valuation is prepared personally by Mason Kiffmeyer from recent local sales, not by an algorithm. It's free, and there's no obligation.
Request Your Home Valuation
- Trusted agent
- Local expert
- Prompt response
- 200+
- Closings
- $62M+
- Volume closed
What You Get
See a sample report.
Two pages from a valuation Mason prepared for a Lynchburg home that has since sold, with the clients' names and every street address removed. Page one gives the estimated value, the recommended list price and the four comparable sales behind them. Page two is the full adjustment grid: each difference between a sale and the home, priced line by line.
Know Your Equity
What's Your Property Worth?
Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and what it could sell for.
For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.
Honest Answers
Home valuation questions.
What is a Home Valuation?
A home valuation estimates what your home would likely sell for in today's market. Mason builds each one from recent sales of comparable homes near yours, then accounts for the differences between those homes and yours, so you get a realistic number rather than an automated guess.
How is the Valuation of My Home Calculated?
The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. It also factors in current local market conditions, such as inventory, interest rates and buyer demand.
How Accurate Are Online Home Value Estimates?
Online estimates provide a starting point and a general idea of your property’s worth. However, they may not factor in recent renovations, unique features, historical value, architectural significance, and subjective market perception that could impact your home’s actual market value. For the most accurate assessment, request a valuation prepared by Mason or schedule an in-person appraisal.
Two Accurate Ways to Perform Home Valuations
How Is a Valuation Performed?
- 01
Market Analysis
Comparative Market Analysis
A Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. It evaluates similar homes that have recently sold in the same area. Agents find comparable sales and use them to conduct a sales comparison. In most cases, an agent will find three homes that have recently sold and are as similar to and located as close to the home being valued as possible. Each one is then analyzed to pinpoint differences between it and the home being valued. Once these differences are priced out, the price of each comp is adjusted to see what it would cost if it was identical to the home being valued were it to be sold in the current market.
- 02
Appraisals
Based on a Professional’s Opinion
An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the cost of the appraisal, sometimes up to $500, is paid by the homeowner. An appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the home, including an exterior building sketch, a street map showing the home and any comparable sales, photos of the home and street, an explanation of how the square footage was calculated, and any other relevant information.
Situations When a Home Valuation May Be Necessary
Why Is a Valuation Important?
Home Improvements
If you’re doing home improvement projects to increase the resale value, you want to make sure you’re not pricing it out of the market. If your home is already priced on the high-end for your neighborhood, making too many improvements could make it more difficult to sell. When you get a valuation, you can see how your home compares with others in the neighborhood and let this guide your home improvement decisions.
Planning
Though it’s not a necessity, simply knowing the value of your home is good information to have. It will help you plan for the future and deal with unforeseen circumstances when you might be in a position that requires extra money or a quick relocation. Knowing how much equity you have in your home and what it could sell for will help you respond to any financial curveballs that life throws at you.
See The Difference For Your Home
Curious what you'dactually keep?
Looking to buy, sell, or invest in real estate? Whether you are serious about moving or just have questions, I would be happy to hear from you and share my expertise on the Lynchburg Market.