Figure Out What Your Home is Worth Today!

Figure Out What Your Home is Worth Today!

Figure Out What Your Home is Worth Today!

Tami Winbury: Posted on Tuesday, May 15, 2012 12:10 PM

Figure Out What Your Home is Worth Today! Call Tami Winbury Keller Williams Realty for a FREE Home Value. With home prices rising and falling sharply over the last few years, it's no wonder that this question can be something of a head-scratcher. If you're watching the nightly news programs lately, you might assume that your home value has dropped to a negative number, that it's almost impossible to sell your home at any price given the current market conditions. But that is wrong. Millions and millions of homes will be sold this year and yours can be one of them. The classic line in real estate is that there are really three prices for every home - what the seller would love to get, what the buyer would love to pay, and finally, what the home will eventually sell for. Assuming there is no underlying motivation to sell quickly - something causing you duress which forces a sale to occur faster than normal like a divorce, a medical problem, a foreclosure or a short sale in the neighborhood - you should be able to reasonably estimate the value of your home. How? The fastest way, of course, is to invite Realtor Tami Winbury over provide you with a competitive market analysis (CMA). Tami has access to a huge database of active and sold listings which they can draw from to provide a very accurate picture of your home's value, and, in general, agents will provide this information free of charge in the hopes of securing your listing. But what if you don't want to talk to an agent quite yet? What if you want to estimate your own home's value? There is good news - you can still do it yourself using a few simple techniques. Research public records Every sale which occurs in your city, town, or neighborhood is recorded with a local government entity, typically the county recorder's office. Because these are public records, anyone can access this information, and many now provide this information free of charge online. Take the time to review as many sales as possible. Call a title companyTitle companies often work with private owners and agents to manage real estate closings or to ensure title for the new home buyer at closing (or both). Because of this they are often happy to provide you with comparable sales for homes in your neighborhood which can be helpful in determining market value. Be a detective If you have keen eye for real estate signs in your neighborhood you can often watch as new listings hit the market, go pending, and eventually close escrow. By visiting real estate web sites such as Trulia, talking to neighbors, or even visiting with the new buyers themselves, you can often learn what the home was listed for and eventually sold for. Use the internet As a potential home seller you may wish to register at Trulia to begin monitoring the activity in your specific market. This powerful site will automatically update you on new listings, price changes, and statistics that can be invaluable when identifying the right price for your property. Pay for an unbiased opinion One way to estimate the value of your home is to hire an appraiser to do a "pre-appraisal". A pre-appraisal is done before a home buyer makes an offer. Appraisers have a duty to provide unbiased, objective opinions based on the latest market data. While this may cost a few hundred dollars, it can often provide invaluable information when you're beginning to think about pricing and marketing your home. Armed with all of this information you should be able to estimate what you think your home will eventually sell for, right? Wrong. All of these techniques will provide you with a range of values, not a specific amount. Why? A home's value is constantly changing, moving up, down, and sideways depending on a myriad of influencers. Your hard work should act as guide post, not a destination point. Call Tami Winbury Keller Williams Realty for an accurate home value. 805-798-3412 www.TamiWinbury.com DRE#01878369 Inventory is at an all time low! Home prices are rising and homes are getting multiple offers. Call today to sell your home.