How to Tell What Your Home is Worth

When you are ready to list your property there are several different routes you may consider to get the amount you see fit. You may do it by yourself, get a professional, or get the property appraised. The best and most official evaluation of a property’s value is achieved through an appraiser. An appraiser examine the house top to bottom and inside and out considering many different things. He will take into consideration location, view, how old the property is, and number of rooms and bathrooms, just to name a handful. Following the site visit to the home, the appraiser will write a detailed report. In his report he will compare your property to at least 3 different houses that have been recently sold. The homes compared to your property are very comparable in size and location to your piece of real estate. The appraiser will adjust the value of your property based on its characteristics in regards to the comparable homes. Keep in mind that some things you might think bring value of the home may not at all. One such example of such an item is above ground swimming pools because they are thought of the owner’s personal property and can be removed whenever the owner chooses to. On the other hand an in ground pool will assuredly increase the home’s worth in addition to basements and central air conditioning systems. Being a rather intensive procedure, the typical fee for an appraisal is somewhere in the $350 neighborhood. Many appraisers will quote a price over the phone but others will not because it is difficult to quote a price without first visualizing. Getting an appraisal is a smart way to go; however it is highly suggested that the homeowner do his own research. Attempt to learn about your market and go to a couple open houses to make your own comparisons. In particular you might want to focus on is the market itself. Does it look like a decent time to sell? Or are houses in your neighborhood selling for below value? So, before you decide to sell, watch the market for a while and see if you notice any trends. If you are going to get an agent make certain to schedule a meeting with several to make certain you are going to get the right price. If you get an appraisal and then go to one agent it is possible they might think you are being unreasonable and asking too much, while a different agent may be of the same mind as you. But make certain that you are not asking too much. Overpriced homes do not tend to sell! What you should’ve gotten from this article: When it is time to sell your property, do your research! If you are going to do it yourself, be sure its the right time to sell and get an appraiser. If you would rather go with a real estate agent, talk to more than one until you find one you can trust. These are some very easy steps you should go through to make certain that you get the right price for your piece of real estate.

By: R Chandler Smith
Credit:www.superfeature.com