What is your Salt Lake Valley home worth?

Good Question!

The only way to get a reliable market valuation for your home in the Wasatch Front is to request a property specific Market Value Anaylsis from a Real Estate Agent -- and even then you will want to be sure that they are experienced enough to know to do more for you than just randomly pull 3 nearby comparables...Especially in the current market, you really need a statistically significant sample of comparable sales (FYI 3 comparables is not statistically significant).

The issue is whether it is wise to substitute calculations based upon statistics and documents about a house for an actual, objective, on-site evaluation of that house. In addition, since any method of "online estimate" relies on PAST and doesn't take into account emotions/market trends, they are trailing indicators, and in a declining market the Zestimate can be far higher than the actual market value of the home.

The following "instant gratification" home value estimators will give you an estimate -- keep in mind that these may be off by up to 30% because in Salt Lake County, the MLS does NOT share data with nationwide and online companies like Zillow, HomeGain, HouseValues.com etc. So these real-time calculators base their values off a variety of public information sources (i.e. Tax Assessed Data, which is often low; and publically accessible listing sources which only feature asking prices, and these can skew numbers high of actual sales prices). Many of the available online Home Value Estimators require you to divulge your private information (so that the company providing you the questionably accurate home value can then sell your contact to a local real estate agent who may or may not be a good fit for you!) So below, I am careful to provide you only links to the few "Registration Free" Home Value Calculators. I urge you to run all three so that you will see for yourself how much these estimators can vary in their value for your home!

You may already have come across the home value estimator (called "Zestimate") at Zillow.com. Zillow has great functionality and I use it to its fullest potential to market client homes.

Get free, instant home valuations

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This home value estimater is sponsored by Bank of America (a mortgage lender):

http://www.bankofamerica.com/modular/index.cfm?template=hc_home_worth_modular

And here is another presented by Realestate.com:

http://www.realestate.com/homepricecheck/