The One Number Every Homeowner Should Know - Do You Know Yours?

Nina Hollander, Broker - the market is a moving target. Your buyers and sellers will appreciate all the important information they need to know beginning with someone they can trust.

Home sellers are in very good hands when they seek your professional real estate advice and assistance.

Well said Nina, all about the largest asset we all have that appreciates over lifetime!!!

The market has changed dramatically. In many areas, home values have climbed close to 50% over the past five years. That kind of appreciation can significantly impact your overall net worth. For most homeowners, their house is their largest financial asset — and when that asset grows, it creates opportunity.

Knowing what a home is worth can then set lots of things in motion!

I have no plans for selling my home, so I don't truly know what it is currently worth, but I could find that out pretty quickly, haha.

Nina, this is a strong and relevant reminder for homeowners.

Too many people focus on their interest rate or what they originally paid, while ignoring the current market value of their largest asset. That one number affects equity position, borrowing power, renovation decisions, and long-term planning.

I also appreciate that you emphasized informed decision-making, not just selling. Even homeowners who plan to stay put benefit from understanding how appreciation has changed their net worth. Markets shift, and clarity creates confidence.

In my experience, when sellers finally request a current analysis, they are often surprised by how much their position has strengthened. That knowledge alone can reshape their financial strategy.

Clear numbers and professional insight will always carry more weight than an automated estimate. This is a timely message for homeowners everywhere.

Such a good reminder, most homeowners have no idea how much their equity has grown over the past few years. Knowing that one number can completely change how you plan your next move.

All very true Nina. But, sometimes homeowners simply want more than what their neighbors received, regardless of their home’s condition.

Hi Nina,
I've always been an advocate for staying up to date on home values. This is especially important for homeowners who are still paying mortgage insurance. That money can be applied directly to the principal. But that can't happen if you do not know your current value.

As others have indicated, staying atop your home's current market value is essential. My sense some of these firms that buy homes take advantage of the homeowner's ignorance.  I just had a postcard from some gentleman that wanted to buy our home. I told him that I sincerely doubt if he wanted to pay over $500K for our 3,000 sq ft home on 2 fully fenced acres with 5 sheds and a 2 space carport.

My favorite way homeowners determine value...my neighbor across the street just sold there home for XXXXX and my home is nicer IMO. When I look up the neighbors home with them it is almost never what the seller thinks. 

Nina I have kept track of every home that has sold in my neighborhood, and I am really surprised at how much the selling prices have gone up in the last 5 years.

Nina, having listed 10 days ago, I know EXACTLY what my home is worth.   Had a 2nd showing today, and agent said mine is her #1 choice, now for an offer.

Hi Nina- you make an excellent point. Homeowners need to stay on top of their home's current market value.  We tell buyers that they can't base their offer price on what the sellers paid for their home; sellers need to look at current market values.

Hi Nina Hollander, Broker   Wow!  Awesome blog that I might have to steal!  If I do, I will, of course, give you full credit.  Thank yo so much for sharing and it is good to be back in the Rain again with Professional like you!  Have a good one...Mike