Ponder These Things When Determining Your Comparable Home Value
People who have homes that they are thinking of selling have come to me for answers about their comparable home value for a long time now. I have found during that time that they often will ask the same questions. Quite frankly, I am writing this article to assist others who may be facing the same dilemma.
First things first. Take a look in the mirror and acknowledge that your taste differs from the taste of other people. Not everyone, for example, is into Donald Trump’s gold chandeliers and toilet seats. So many home owners get in this rut of thinking that their home is the greatest in the state because they live there and put so much hard work into it. Don’t get me wrong, there’s nothing wrong with being proud of where you live. But one of the first things to acknowledge is that people do have different tastes.
Second, your comparable home value can literally change greatly from month to month and even from week to week. There are a few factors to consider including what homes have sold within a close proximity to your home, what homes have come on the market within that area, how many homes are currently on the market, and much much more.
Third, if you’re looking to increase your comparable home value, make sure you stop and think logically about it. Painting is a great idea, because it’s cheap and can add a dramatic effect. However, I have seen people pick out lime green paint to put in their kitchen because they liked it. When you do something like that, though, you are automatically decreasing the value of your property. Keep it neutral.
Carpet is another incredible option. If your carpet is worn or stained, get rid of it! Home improvement stores will often have carpet remnants available for you at discounted rates. Another thing about carpet; if you have animals or children who pee the bed, have someone who will be honest with you come to the house to tell you if your home smells bad. While some find this comical, buyer’s don not. It’s an immediate turn off. Nothing lowers your comparable home value like a bad smell.
It’s not only inside where you can create an amazing improvement in you homes comparable value. Outside one of the best things you can do is to power wash and then re stain your deck. If it’s been more than a year since you stained… do it again. Have fun with it! Invite some friends over, buy them some pizza and get them in on making you some extra cash! A stained deck and make a back yard look new again!
Another common mistake is that home owners confuse market value with appraised value and assessed value. I’ll explain: * Appraised value is determined by an appraiser. They take into consideration all of the homes that have sold within a short time that are within a close proximity to your home. This is often used by a bank. * Assessed value is what your local municipality considers your home to be worth. * Comparable Home Value is generally what a home buyer would probably pay for your home today based on many factors.
To summarize, there are so many things that you probably haven’t thought about that come into play when determining your comparable home value. It is best to find a company like GetMyHomesValue.com who can offer you a free comparable home value report to show you exactly what your house is worth in today’s market.














0 Responses to “Ponder These Things When Determining Your Comparable Home Value”