3 Top Ways How to Find Out What My Home is Worth
It can be fun to periodically check in on what your home is worth. If housing values are going up in your area, it might be tempting to consider selling your home and moving. It is also satisfying to see the value of your property and how it affects your total net worth.
There are a lot of factors that go into what your home might be valued at today. This is why you need a trusted and experienced Realtor when considering selling your home, or buying a home to help you handle the details involved, and help you get the best value for your home.
1. Ask an Experienced Realtor
Realtors specialize in understanding the market, comparable properties in your area that might affect the value of your home, and other factors such as the age of various parts of your home that affect the value.
It doesn’t cost you anything to ask a Realtor what your home is worth. Asking a good Realtor will establish a relationship with them, so you can stay in touch with them when you are ready to buy or sell a home. Realtors and their brokerages only get paid when a house is sold or bought as a percentage of the overall sale.
If you are in the Twin Cities of Minnesota, or Southwest Florida, I would love to get you an expert opinion about what your home is worth. You can get in touch with me here to get started.
If you live or are looking in another part of the country, I encourage you to find an experienced Realtor in your area. Re/Max typically has the best agents, however if you have a friend who is an experienced agent you will likely have the best chance of success using someone you know and trust.
2. Sign up for “Home Bot”
One of the tools I recommend to my clients is HomeBot. HomeBot will track the value of your home, and give you periodic expert updates based on the market, the area you live in, and other homes sold in the area.
This valuation may not be exactly what your home would sell for, or as specific as a Realtor can give you, but it can give you a general idea and is fun to track.
You can enter your info and get updates from Home Bot here.
3. Consider comparable properties in your area
One of the ways that Realtors help you find a listing price is by looking at comparable properties in your area and what some have sold for recently. There is an art and science to this, and it’s not as simple as you looking at a neighbors home and deciding yours is worth more. Realtors specialize in knowing what the market wants for a property like yours, and when you list at a good price point, your home should sell for top dollar with the least amount of time on the market. There are many factors that go into this, however a general rule of thumb might be to notice what houses in your neighborhood have sold for recently in order to get a general idea of what your home might sell for as well.
Michelle Brown is one of the most beloved Realtors in the Twin Cities, now serving Southwest Florida as well. She is great to work with, and the expert you need to stress less and get the best deal, so you can focus on the excitement of a new home, and maximize your life. Get in touch.