Good question! For homeowners, and especially homesellers, the value of a home is an important piece of data that helps determine a number of other factors, including the list price. However, the question “How much is my home worth?” isn’t as straightforward as it seems, and the answer depends on whom you ask and why you’re asking.
There are several different terms that can be used to refer to your home’s value, and sometimes clients get confused about which term means what. To add to the confusion, the numbers might vary a great deal, but in context, they’re usually still accurate.