It’s so essential to answer this question because getting the amount wrong on something as big as a house could cost me tens of thousands of dollars!
But don’t worry. I’ll show you how by exploring the facts about my house and market,using a home worth estimator, and working with a real estate broker will enable me to determine my home’s full value so I can sell out my house with confidence!
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3 STEPS TO KNOW MY HOME ACTUAL WORTH
Here are three easy steps that will enable me to understand my home actual worth :
1. Explore the facts about my house and local market.
Believe it or not, my home’s actual worth is not based on the following:
- Monthly mortgage payment.
- Perspective of how great my home is.
- The memories of my home.
In short, market value is what potential buyers are willing to pay for my home.
As a landlord,it’s hard to see my home the way a potential buyer would. Although I think minimal Danny’s handprints in the front porch pavement are super cute, a prospect home buyer will see them as just one more thing to repair.
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2. Enter the location into a free online home worth estimator.
If I search for my location on online real estate marketplace, I’ll likely find all kinds of facts about my place that are public record, including:
- Kind of home.
- Birth year of the the home.
- Number of rooms, master bedrooms and attached bathrooms.
- Square footage of the home.
- Square footage of the lot.
- Heating and cooling systems.
- Number of parking spots.
- How much I and every previous owner paid for the home.
Along with these essential home facts, I’ll see an estimated home market value.Digital tools like home worth estimators put this all facts together by looking at the sales of homes in the area that are similar to mine,local tax assessments, and whether homes in my area are increasing or decreasing in value over time.
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3. Work with a real estate broker to find the most accurate price.
If I’m all set to sell my home, I’ve to contact a real estate broker no matter what I searched online. My broker will have the most accurate information to help me decide on my home actual worth.
That’s because a real estate broker doesn’t pull stale information from the shelf. Unlike digital tools, real estate brokers have access to a multiple listing service (MLS) database of homes for sale in the area that will enable them to run an accurate comparative market analysis.
Do you want to price your home with an Illinois expert real estate broker?
If I’m all set to sell out my house, work with a real estate expert.I only recommend best brokers with years of experience so I can sell my home on my timeline and on the correct cost.
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