How Much Is My Home Worth?

Recent news of a positive spring market for homebuyers probably has you wondering – what is my home worth and is it time put it on the market?

If you’re like most, you don’t know where to begin to determine your home’s value, so here’s some tips to help you get started:

1. Use Online Evaluation Tools

Today when we have questions, we turn first to Google. A Google search of “what is my home worth?” pulls up a multitude of online home evaluation tools that combine things like public records, property transfers, tax assessments, local listing prices, etc. to offer an estimated price for your home. You can find these tools on popular real estate hubs like Zillow or Redfin, however, the predicted price is just that – a prediction – so make sure to check into steps 2 & 3 below before taking the answer as final.

2. Chat with your Real Estate Agent

Working with a licensed real estate professional is important when determining your home’s worth. They will have the inside scoop on past home sale prices and comparable listings in nearby neighborhoods. They’ll also be the ones who will put in the time, effort and research necessary to find out exactly how much your home will go for. They also know what’s selling currently, and can help you identify simple things to make your house more appealing.

3. Chat with your Mortgage Pro

Don’t count your mortgage pro out of the process just yet! They can provide you with the latest scoop on current market trends and mortgage rates, and can also connect you with trusted real estate professionals as well as skilled appraisers.

Why Is Knowing My Home Value Important?

Knowing exactly what your home’s worth can benefit you even if you’re not planning to sell your home anytime soon. You may find that your home value has increased giving you the chance to refinance your mortgage and utilize the cash to upgrade your home, help pay off debts or meet other financial goals. Contact me today to find out how best to determine the value of your home, then get pre-qualified for your next home, or learn about your refinancing options!