Do you find yourself curious about your home’s worth in today’s market?
Whether you’re planning to sell, refinance, or are just plain curious, understanding your home’s value is key to making smart financial decisions. Think about it, if you own a stock, you probably know how to quickly go online and look up its current value. What about your home? That, too, is an important investment and probably your most valuable one.
Most of you probably think it would be nice if you could look up its current value in just a few minutes.
But here’s the thing – home value isn’t a fixed number. It can fluctuate based on a few things.
So how do you get a clear picture of what your home is really worth? In order to understand what the probable selling price will be you should consider the following factors.
Factors that Influence Your Home’s Worth:
- The type and style of your home.
- The condition of your home. Is it move in ready?
- How well does your home show?
- The desirability of the neighbourhood.
- The desirability of your street.
- The current demand for a home like yours.
- Recent selling prices of similar homes in the area.
All these factors need to be considered in order to come up with the price range within which your property will likely sell. Certainly they are all key factors that I consider when putting together a Comparative Market Analysis (CMA) (a detailed report that compares your home to similar ones in your area, adjusted for your home’s features, upgrades, and condition) for clients.
If you plan on listing soon, the benefits of knowing your home’s worth is obvious. However, even if your plans to move are far down the road, it’s still a good idea to know what your home is worth – today. That information enables you to plan ahead and make better decisions.
So if you are curious about your home’s worth, please give me a call or send me an email. I’m happy to help!