• Selling Costs
• Making An Offer
• Realtors
• Buying Bank Owned
• Mortgages
• Buying Real Estate
• Sell Your Home
• Seller's Guide
• Selling Basics
• Selling A House

• Appraisal And Market Value
• Selling Contacts
• Real Estate Agents
• Tax Considerations
• Short Sales
• Seller Financing
• Property taxes
• Negotiating
• Lease Options
• Escrow And Closing Costs
• Disclosure
• Raffling Your Home

Home Worth

There are two real ways of finding out how much your home is really worth. The first is a comparative market analysis and the second is to have an appraisal carried out on your property, by a professional appraiser.

The market value of your home is important for lots of reasons, not just if you want to put your home up for sale. The value of your house can also influence your property tax, and how much you money, from a loan, that can have access to against the equity in your home.

A significant thing to keep in mind when you try to find out how much your home is really worth is that the amount that you paid for it is immaterial to the current market value of your property. Property prices fluctuate to a great extent and the fluctuation from since you purchased your home can mean that your house is worth more, ore even less, than what you paid for it, especially if you add inflation.

Estimates

To find out how much your property is truly worth it is good idea to get a few estimates from various Realtors. Your realtor can produce a gratis document called a comparable market analysis (CMA) that you can use to give a ballpark idea of how much the true value of your house is worth.

The comparable market analysis shows the prices of recently sold houses in the area around your property, and also house that are on the market and similar to your own. This analysis gives you a good idea of the real value of your home under the current market conditions, helping to prevent you from over estimating the for sale price of your home.

Appraisals

The other way to find out the value of your home is to have is a professional appraisal carried out. Although not free like the comparable market analysis carried out by a real estate agent, or broker, an appraisal could be money very well spent, in particular if you want to take out a loan against the value of your home.

An appraiser who uses a personal inspection of your house, along with current trends and other knowledge, to produce a description of your property and their valuation of your property, carries out an appraisal.