If you are planning on selling your home and buying a new one soon, it is vital that you begin by assessing your current home’s worth. This will help you make a number of decisions down the road.
Fill out the form and we’ll send you a report back with a suggested sales price range.
One of the first steps in helping you sell your home is answering the question, “What is my home worth?”
How do we determine your home’s resale value? To begin with, we simply need your home address, including city and zip code, entered into our home valuation tool. This gives us your home’s history and specifications and helps us understand where your home is so we can compare it to other homes in the area.
We look at different data points like: the quality and desirability of your neighborhood, how much your home’s worth has depreciated or appreciated over time, and tax assessments of nearby homes per public records. Finally, we review asking prices of nearby homes that are on the market or were recently sold.
The condition of your home plays a role in your home's valuation. For the most accurate home value estimate, we look at: the home’s square footage, the year built and the number of bedrooms and bathrooms.
When you have information on your home's value, you’ll be better equipped to prepare your home to be put on the market and begin the search for your new home.
Knowing what your current home is worth helps you and your real-estate agent price your home reasonably. Price it too high, and you won’t have any takers. Price it too low, and you’ll lose out on all of that cash. The goal is to price your home to sell while getting as much for it as you can.
Second, your home’s value helps you evaluate what you can afford when it comes time to buy your next home. Whatever money you make selling your old home can be used towards your next home. Having a home value estimate helps you budget for your new home when you begin looking. It also helps your lender and you work out the details of your new mortgage.
Knowing your home’s value also is important when you aren’t buying or selling. Refinancing, taking out a home equity line of credit, purchasing house insurance and paying property taxes all depend on your home’s value.
Need to know your home’s value? Talk with the expert real-estate agents at the Property Center!
The journey of selling your home looks a little different for everyone. But after the Property Center has given you a home value estimate, you can begin making more decisions about how to proceed with the sale of your house.
You may decide to put your house on the market right away, or you may choose to do some work on it first to add value. You may choose to price your home to sell or press your luck and set the asking price a little higher to see what happens.
Whatever you choose, you’ll be able to make the right decisions with an accurate home value by the Property Center. We give you accurate information so you can do what’s right for you as a homeowner.
And whatever step comes next, we’ll be there to keep you informed and confident.