If you are planning on selling your home, then the first thing that you will need to do is figure out how much it is worth–after all, you don’t want to sell it for too low a price and miss out on those potential profits. Unfortunately, determining your home worth can be a somewhat complicated process, but fortunately our team at Simpson Real Estate Appraisals is here to help you get the answers you are looking for. In this article, we’ll go over how to find out how much your home is worth so that you can set the best market price for your property.
- Use an Online Estimator. One way to get a sense of your home worth is to use an online home value estimator. These tools draw on a vast array of data from public records such as property transfers, deeds of ownership, and tax assessments, then run that data through mathematical models to provide an estimate on the value of your property. There are many of these tools available for free, and while they are not 100% accurate, they are a good place to start.
- Get Professional Market Analysis. If you want a more accurate picture of your home worth, you can also have a real estate agent do what’s called comparative market analysis. In this method, the agent looks at your home, then searches local listings for similar properties and finds out how much they sold for in order to provide an estimate.
- Have Your Home Appraised. Of course, the best way to determine your home’s worth is to have the property professionally appraised. Our team will inspect every part of your home. compile data on your local area and do thorough analysis to give you an estimate that most accurately reflects your home’s real value.