Whether you are planning to sell your home or you are just curious about the property value, you might be looking into options to see how much your home is worth. The markets change, which means that home value can change as well. In this article we will discuss How to Find out How Much Your Home is Worth.
Keep in mind that home value estimates aren’t set in stone, because you won’t know exactly how much you can sell the home for until you put it on the market and offers start coming in. But, there are a few things that can be considered which will help you understand a ballpark range of your home value.
Here are a few methods that can be used to find out how much your home is worth:
Find Comparable Homes
Are there comparable homes in the area that have recently sold? It is a great starting point to look at the price tag of homes in the area that have sold. As you are making these comparisons, make sure to factor in elements such as home improvements that have been done which might impact the value of the property.
Certain types of home improvements can be beneficial to increase the price tag. These improvements might include remodeling, refinishing, installing new flooring, upgrading the roof, or improving the landscaping. Find homes in your neighborhood that have comparable square footage and similar improvements, and you will be able to see the price range for your Atlanta property.
Hire an Appraiser
The most obvious way to understand your home value is to hire an appraiser. You might have this inspection done before you decide to put the home on the market. But, it isn’t a necessary step to sell your home. In fact, many sellers choose to wait on the appraisal process until they have received an offer, because the potential buyer will hire the appraiser at that point.
Be sure an independent appraiser is hired, because it can have an impact on the outcome if you don’t use a third party. Also, it is important to make sure that the appraiser is familiar with the Atlanta area.
Talk to a Real Estate Agent
One fast and easy way to get a home value estimate is to talk with an experienced real estate agent. A good real estate team will be dialed into the market and they will be able to quickly find comparisons for your home. Instead of going through the work on your own to find comparable homes, it is much easier to talk with an Atlanta real estate agent about your individual situation. Another advantage to a conversation with a real estate agent is that they will be available to help if you decide to sell.
Here at Duffy Realty of Atlanta, we are the leading real estate group in the Atlanta area. We are very familiar with the market, and we would love to help you sell your home. Call us today: (678) 318-1700. We hope you enjoyed this article on How to Find out How Much Your Home is Worth.