What’s My Home Value

October 24, 2008 at 7:00 pm Leave a comment

Probably one of the biggest questions you can ask yourself today is “what’s my house worth?” Many people are wondering this even if they are not in the market to sell their home.

Policies of mortgage companies and terms of contracts may vary. Contracts they use today report all money you have in your possession or bank accounts when applying for a mortgage. When applying for a loan or mortgage and selling property at the same time, agents for both parties start the process by getting all the facts. Lenders want to find home value, plus they look at the whole estate, and other homes in the general area to try and get an idea of the current market rate for houses in your particular area.

Most of the homes that are for sale have had some type of property evaluation to get a price using a true house value calculator. Top agents will tell you to always find out a home value before listing a home on the market. Contact an agent when you’re ready to sell your home. They will sit down in the privacy of your home and help you find your home value.

Other things agents do:

  • Go over the terms of the agreement to avoid any problems
  • Determine a home’s value with a Comparative Market Analysis (CMA)
  • Answers to any questions

There are a lot of things that can increase or decrease the amount a house could be worth. For example, how old is the roof? What condition is it in?  What type of windows/kitchen cabinets/bathrooms does the home have? Does the carpet and vinyl need replaced?

All sorts of factors play a part in determining the price of a home before it can be put on the market.

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Entry filed under: Home Values, Sell Your House, What's My House Worth. Tags: , , , , .

Manufactured Home Values Comparable House Prices

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