What's my Home Worth?
/Whether you’re thinking of refinancing or selling your home, determining what your home is worth is very important. You want to know what it would be worth so you can decide what your next decision is. It might be to keep the home a few more yeas, rent it out, cash out refinance, renovation loan, or sell it. There are MANY more options than just mentioned and talking to the right professional can help give you the information you need to make the best decision.
STEPS IN DETERMINING YOUR HOMES WORTH
Let’s talk about what steps you need to take to determine what the value is.
· Make a list of upgrades.
· How old is the roof and HVAC are they in good working condition?
· Are there any other issues that could pop up that might affect the value of your home?
· Is your home well maintained?
· In a convenient location?
All of this can affect the value of your home.
ONLINE HOME VALUES AREN’T ACCURATE
Guess what? If you’re getting a value online and no one has walked your property, your value is most likely off. I’ve seen online values up to 50k off of the homes true value. That 50k could be the difference in you selling or keeping your home a few years longer. Not to mention they haven’t walked inside your home, they don’t know what it looks like, what upgrades you have made, or how well you have maintained the home.
THIS IS WHY YOU NEED TO TALK TO A REALTOR, interview them, and if you like them use them. I know we all hate trying to be “sold” and having a billion realtors reach out. That is why interviewing an agent and finding one that stands for you, cares, and is knowledgeable is very important! There are many agents out there that care about their clients and will take care of you.
ADVICE: To avoid getting a billion calls don’t put your name down on major website companies (we know who they are)
The best way to talk to one person and not get a bunch of spam mail is to find a local realtor (like me) by searching good brokerages, clicking on an add from a local realtor, or ask friends/family who they recommend. Nothing is better than a good referral.
So let’s dive in to why you want a live person to talk to and come walk through your home.
WE CAN’T (ONLY) LOOK AT YOUR HOME PHOTOS, PICTURES CAN BE DECEIVING
No matter what online says or what past pictures or even current pictures look like it can never truly show the home accurately. Let’s face it, pictures can be deceiving, and someone can’t possibly understand the layout of the home from pictures.
JUST TALKING ON THE PHONE ISN’T ACCURATE
Telling someone about your upgrades, doesn’t quite create an accurate picture either. When someone says “we updated the kitchen and put down new flooring”, you have to think, what kind of upgrade? Does the upgrade look good. Are they done correctly or can you see that it was a DIY project? Also, what type of flooring?
WHY YOU WANT TO USE A REALTOR
· We are professionals, this is what we do all day every day.
· We’ve completed the required education, passed state and federal exams, background checks have been done, and take required classes to keep our license active every 2 years.
· We are members of the National Realtors Association which requires us to uphold professional standards and a code of ethics.
· We can help you navigate the market, give you the knowledge so you can determine what’s best for you, and buy/sell a home the right way.
· We know the market.
· We have many resources and connections to help you.
I could go on, but these are the main points. You don’t want to navigate real estate blindly.
WHY YOU WANT A REALTOR TO TOUR YOUR HOME TO GIVE YOU AN ACCURATE VALUE
· We will pull current comps in your area. Meaning we can look at what comparable homes in your area sold for.
· We can advise you on how to prepare your home to be sold.
· We can help determine what upgrades could be done to increase the value of your home and what you don’t need to do.
· We know how to price your home to get you the most possible.
· This will give you the most accurate value for your home.
Just because you have someone come to your home doesn’t mean you have to sell it. We are here to give you the resources to make the best decision for yourself. To get your home value is FREE, you don’t have to sign anything!
