Discovering the Value of Your Home

One thing that almost every single homeowner begins to ask themselves when they contemplate putting their house up for sale is: Just what is this thing worth? Even if you aren’t in the market to sell your home you may find yourself asking this same question, and it is one that is certainly worth knowing the answer to.

Unfortunately, it is rather difficult to pinpoint the exact value of a home until it actually lands on the market and you are actually fielding offers to purchase. However, there are several easy ways of getting a decent idea of what your home might be worth before the open house.

In fact, it is highly encouraged that homeowners do some research and put in a little time and money to discover the estimated value of their home before attempting to sell. Why? Well, most importantly, it gives homeowners a good idea of ways in which they can increase the value of the home, something that will absolutely come in handy when/if it comes time to sell. Today, we will share some of the simplest ways of attempting to discover the value of your home.

Hire a Home Appraiser

This is a quick and fairly hands-off approach to assessing the value of a home. We’ve discussed the idea in previous posts at some length, but the process involves hiring a licensed appraisal officer who will travel to your property, inspect both the inside and outside, and present you with the estimated value of your home.

Unfortunately, the number that the appraiser comes up with doesn’t always correspond to what you can actually expect to get if you decide to sell the property and structure.

Research!

Numerous real estate websites now exist that will tell you the prices of homes in and around your area. Sites such as Zillow and Trulia are useful resources in this regards. Via their compressive and customizable search engines, you can look for homes that have sold and homes that are for sale comparable to your own. By doing this, many people find they can get a fairly accurate market estimation for their home.

Talk to a Realtor

Nothing beats the wisdom of a professional. By going directly to a qualified realtor you can quickly invite a practiced eye into your home. Not only will this person be able to give you a general estimate regarding the likely value of your home, they will also be able to help you brainstorm about ways of improving the value of your home and making it more appealing to prospective buyers.

Regardless of whether or not you choose one or all three of these routes, you will certainly find yourself in a better informed position when it comes time to list your home.