tim clancy

REALTOR® WITH RE/MAX EAST COAST ELITE
CENTRAL NEW BRUNSWICK, CANADA

Why Instant Home Value Estimates in Fredericton Might Be Wrong (and What to Do Instead)

How much is my house worth, Fredericton, NB

If you’re searching for an instant property valuation in Fredericton NB or wondering “what is my home worth?”, you’re not alone. Online home value estimators promise fast answers—but are they accurate? The truth is, these tools often fall short, and relying on them could lead to costly mistakes when it’s time to sell.

The Problem with Instant Home Valuations

Online property value calculators pull data from public records and sales history, but they miss the nuances that truly impact a home’s value. An algorithm can’t walk through your home, see the care you’ve put into it, or understand what makes it unique.

Here’s what instant tools usually miss:

  • Interior finishes: Quality of flooring, cabinetry, countertops, and fixtures
  • Renovations and updates: Have you modernized your kitchen or bathroom? Added a heat pump? Finished the basement?
  • Lot size and landscaping: Is your yard larger, more private, or better maintained than similar properties?
  • Age and condition of major systems: Roof, windows, electrical, plumbing, and HVAC matter
  • Current market conditions: A shifting market and buyer sentiment affects prices week by week—something algorithms can’t fully capture
  • How well does it show: Some homes might not show as well after years of kids and pets running around, while others are meticulously maintained,
  • Location-specific features: Proximity to trails, rivers, parks, or desirable schools

Why a REALTOR® Walkthrough Matters

A professional evaluation from an experienced REALTOR® takes all these factors into account. I personally walk through your home, note every detail, and compare it to similar properties that have actually sold—not just those that have been listed. This hands-on approach leads to a far more accurate picture of your home’s market value that your run-of-the-mill instant property valuation in Fredericton, NB.

Planning Updates? Let’s Talk First

Thinking of renovating before you sell? Not every update adds value—or gives you a good return on investment. Having an experienced REALTOR® in early is an opportunity to discuss where to invest wisely and avoid over-improving for your neighbourhood or price point. If you’re investing in updates, you will want to make sure you’re able to get a return on your investment. Paint is by far the highest return on investment.

Should I List My Home For Sale at the Assessed Value?

NO! The assessed value that you see on your tax bill, or when searching the SNB Online Property Assessment webpage, is NOT market value! That assessed value is for tax purposes only, and could be out of date. In the majority of cases, the market value more than the assessed value. Sometimes market value is as much as two to three times the assessed value—particularly with rural properties or properties that haven’t sold in a long time. In some instances where a home requires work, the assessed value could be higher than market value.

Why Accurate Pricing Matters

Pricing too high means your home could sit on the market and go stale. In today’s faster paced market, buyers may visit a home and love everything about it, but if its been sitting on the market longer than the other homes in the area buyers will start to think there is something wrong with the home, even if they love it. They start to think maybe they aren’t seeing something that others aren’t. Also, buyers are less likely to want to negotiate with somebody they see as unreasonable. Pricing too low could mean leaving money on the table. The right price attracts serious buyers, competitive offers, and a smoother sale.

Don’t Leave It to an Algorithm—Let’s Get It Right

If you’re curious about what your home is really worth in today’s Fredericton market, I’d be happy to help. I’ll provide an honest, accurate valuation based on a complete understanding of your home and current market conditions—no pressure, no obligation, and NO COST!

Contact me today to schedule your personalized home valuation.

For more real estate tips and insights, visit my blog.

photo credit: tim clancy

location: washademoak lake, codys, nb

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Keys 4 Kindness is a community giving initiative by Tim Clancy.

Keys 4 Kindness is a community giving initiative by Tim Clancy. Learn more here.

  • Local Market Expert
  • Skilled Negotiator
  • Honest & Trustworthy
  • Attention to Detail
  • Expert Communication
  • Reliable & Responsive
  • Local Market Expert
  • Expert Communication
  • Reliable & Responsive
  • Skilled Negotiator
  • Honest & Trustworthy
  • Attention to Detail

Tim Clancy is a REALTOR® with RE/MAX East Coast Elite Realty serving Central New Brunswick. Meeting the real estate needs of this beautiful area comes natural as Tim lives here, works here, and co-founded a charity here! With all his ties to the area and a home office in Codys, overlooking Washademoak Lake, Tim is perfectly situated to help you with your real estate needs.

Serving Central New Brunswick, Canada

Professional REALTOR®

re/max east coast elite realty

fredericton office

283 St. Mary's Street
Fredericton, NB, E3A 2S5

286 Restigouche Rd, Unit A1, Oromocto, NB, E2V 2H5

oromocto office

Office: 506-452-9888
Toll Free 888-334-5100
Fax: 506-452-1590

Phone: 506-567-8541
Email: tim@timclancy.ca

Phone: 506-567-8541 Email: tim@timclancy.ca

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RE/MAX East coast Elite

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