What Is your Home’s Worth in Today’s Market?

Do you find yourself curious about your home’s worth in today’s market? 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.

home's worth

However, despite all the real estate data available on the internet these days, there is no site that will calculate your home’s true market value – at least not accurately.

So, if you were to put your home up for sale tomorrow, how would you determine what it would likely sell for? Your home’s selling price is influenced by several factors.

In order to understand what the probabl 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, especially recent solds in the area, need to be considered in order to come up with the price range within which your property will likely sell.

Why is this information important?

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. It’s something worth thinking about. So if you are curious about your home’s worth, please give me a call or send me an email, I’m always happy to help!

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