House valuation with My Logan Realty is a key step in selling your home. A valuation will help you determine the right price to list your home at, and it will give you an idea of how much money you can walk away with when selling your house.
Table of Contents
Know Your Market
There are a number of factors that could impact the value of your home, such as local market conditions. If you’re looking for a quick way to valuate your home, you’ll need to understand how the current market impacts its value.
Determine what homes similar to yours are selling for in your area by researching the prices of comparable properties recently sold. You can find this information in the public records in your local tax assessor’s office or by using real estate websites like Zillow and Trulia. Look for properties with similar square footage, same number of bedrooms and bathrooms, and other features that make yours stand out from the crowd.
Public Records
The easiest place to start is by looking up your home on the public records site for your county. The site should have the address for your home and the year it was built (if known). Some counties also list the square footage of your home, which is important to know when you’re valuing it.
This is also important when dealing with real estate agents who may try to lowball the price of your home because they think they can make a quick sale. A real estate agent’s job is to sell homes quickly, but it’s your job to sell them for the best possible price. It’s important that you know what your house is worth because that gives you more control over the sale of your home and will allow you to negotiate with buyers in order to get the best offer possible.
Use an online valuation tool
Online valuation tools can give you a quick estimate of what your home should be worth based on similar homes in your area that have sold recently. A real estate agent will also help you with this initial estimate, providing more detailed information that a computer algorithm may not take into account, such as local market conditions or recent renovations in your home. Online tools can be helpful for getting a rough estimate of what the value of your home might be.
Have an appraisal done
An appraisal is a more professional way of estimating the value of your home. This service is typically paid for by the buyer’s mortgage lender, but you can also pay for one upfront to get an idea of what it’s worth before putting it on the market. An appraiser will actually come out to survey your property and make notes about its condition and amenities.
Online Tools
There are also many online tools that help calculate your home value — Zillow’s Zestimate is one of them. To use these tools, you just enter your address, some basic information about your home and any improvements you’ve made (if you know them), then click Submit. These tools use the information you provide along with census data to estimate how much a home like yours would sell for in today’s market.
