Friday, October 18, 2019 / by Jo Skipper
How much is my home worth?
Whether you are thinking about selling, staying, or refinancing, a common question that comes to your mind is always how much is my home worth? Well, the answer to that may differ from who ask. Look at this in terms of the eyes of the buyer. How much would a buyer be willing to pay for your home? Remove the emotions that you have towards your house from this equation altogether. A buyer is not going to look at your home from the same emotional perspective that you possess regarding your current home. If you are thinking about buying or refinancing your home the first thing you can do is turn to your trusted real estate professional work alongside this person or team to help you derive the appropriate value for your home. Together, you will look at current homes listed that are comparable to yours and also current homes that have accepted an offer already. Another important factor to consider is any recent sold comparable. These are not only important in determining the listing value of your home but also come into play during the appraisal of your home. If you are looking to increase the value of your home make sure you take care of any deferred maintenance or little projects that you've been putting off. Increase the curb appeal of your home to really drive up the interest should you decide to sell.
If you can arrive at a price that you are comfortable with discussing it with your real estate professional to make sure you are priced accordingly. The majority of the homes listed sell within the first 30 days of their listing date. Statistically, if you sell within this first 30 days then you are more likely to receive your full asking price if not more. Do not overprice your home with the idea that you can drop the price in the future if it doesn't sell. This is a common seller mistake that ends up costing more in the long run.