An estimated value can start a conversation, but it should not settle your asking price. I would first examine how well recent sales and your home's condition support the figure.
The latest market report gives Astoria's estimated value of a typical home as $2,572,920. That measure comes from a valuation model and is not a formal appraisal. Separately, the typical asking price among homes listed for sale was $895,000. The figures cover single-family homes, condominiums, townhouses and apartments and measure estimated values and asking prices rather than completed-sale prices.
Those figures do not establish the value of an individual home or explain what a buyer would pay for yours. I would not use the difference between a model estimate and an asking-price statistic to justify a pricing decision. A useful valuation discussion needs comparisons with similar homes and a clear account of your property's actual features.
Gather accurate information about the home's size, improvements and known condition issues before discussing an estimate. Examine recent sales of similar homes with me, keeping competing asking prices separate from completed transactions. Decide whether a formal appraisal would serve your purpose before treating any estimate as a firm financial planning figure.
