Property Value is determined by what a buyer is willing to pay and a seller is willing to accept in today’s market.
Many sellers fall into some classic pricing traps that can be easily avoided. One is assuming that Zillow or tax assessor home values are accurate. Zillow and tax authorities use computer models to come up with the home price, and don’t account for area desirability, market trends or home improvements. Another trap is assuming that your home is more desirable than other homes on the market (comparable).