How to value your home in today’s market
Contact a real estate broker! It’s FREE. One of the primary duties as a real estate broker is to provide a market analysis to sellers wanting a better idea of what their home is worth. There are a lot of factors that goes into determining value and you should take advantage of the expertise of a local real estate professional.
Determining homes values in a rural area can be a lot harder than in a city setting. You have to account for variations in acreage, size of home, bedrooms, bathrooms, outbuildings, water frontage, location, access and other miscellaneous amenities. In rural areas, you find more custom or unique homes and there are no “one size fits all” solution. A broker can help find homes that have sold and make the appropriate adjustments to determine your homes value.
Why do you need to know your homes value? There are several reasons to know your home’s current value and here are some of them: To determine how much you can afford on a new home, to manage your investment portfolio, to get mortgage insurance removed off of a loan (you have to refinance to do this), to calculate the equity you have in your home, and to make decisions on if now is a good time to sell.
Your home is one of the largest investments you have so make sure to keep up on the value. Our agents are here and ready to help.