What is my home worth? This is the question that every homeowner wants to know, especially if they are thinking about selling in the near future. Uncertainty about the housing market has made many families hesitant about putting their homes for sale. Dreams of moving to a new area and buying a new home have been put on hold. So how do you figure out when is the right time to sell?
I know that every time a home lists in my parent’s neighborhood, they call to tell me how they cannot believe how low the prices have gone. My parent’s worry about how the lower numbers on new listings and the prices they sell for will affect the value of their home. We often have a set idea in our head about what our home is worth. This number, however, rarely equates to actual market value of our own home. Market value is not determined by the homeowner, the government or even real estate professionals. Market value is determined by what buyers are willing to pay for your home. When trying to calculate this value, real estate agents and appraisers will look at the prices similar homes have sold for in your neighborhood. They will examine the current competition on the market as well as overall market conditions. Doing this will give these real estate professionals an idea of what a buyers would most likely be willing to pay for your home.
Value is something that is property-specific. In a buyer’s eyes, value can be enhanced by condition, updates, and by getting your home “market-ready”. Today one of the most important factors in getting your home sold is how your property appears on the internet. Buyers today want to take a detailed look at your home before they ever step foot inside. It is more important than ever to know how best to market your home. Whether it’s picking out a new paint color, cleaning carpets, or consulting with a home stager, a real estate professional can help advise you on what changes will appeal most to buyers.
Now, I know what you are thinking. You are worried that if you seek professional advice you will either have to pay out a large sum or be pressured into listing your home before you are ready. I, however, wish to reassure you that this in not the case. If you unsure whether selling is a good option for you, a real estate professional, like Jack, can help you in making this decision. He can schedule a time at your convenience to meet and discuss market value, what you should list at and how much you would make if your home sold at different price levels. If you decide you wish to sell, Jack can help you figure out what changes need to be made to show your property at its full potential. The best part about this meeting, however, is that all this professional advice will not cost you and your family anything. If you have questions or want to schedule a time to meet, Jack and I are waiting to hear from you.
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