How to Calculate Your Home’s Value. The value of a house changes with age, remodeling and the local housing market, and as the neighborhood around it changes. Knowing the value can be an important factor when dividing up an inheritance, assigning property after a divorce or pricing your house when you put it on the market.
If you don’t know how to determine your home’s value, you’re not alone. You’d be surprised at how many homeowners are absolutely clueless about what their home is truly worth. Don’t be like the average homeowner. Here’s how to educate yourself about your home’s value. 3 Steps to Learn Your Home’s Value
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If you want to get even closer to your home’s true value, we’ll connect you with a top real estate agent near you. Local real estate agents can physically view the property, they list homes like yours every day, they know the neighborhoods, they know what’s trending, and they can call out unique characteristics on the property.
Find out what your house is worth with the Redfin Estimate. We look at 100% of the homes on the MLS to give you the most accurate home-value estimate online.
Buying a home is such an exciting – and important – milestone. Unlike when you rent, becoming a homeowner lets you make the decisions and call all the shots. How much is your house worth? Top 10 best tools to help you estimate your home’s value: Zillow Trulia Redfin Realtor.com Real Estate ABC Eppraisal.com HomeGain.com Chase.
The market value of your home includes the value of the land it is sitting on so the cost to rebuild your home is often much less than the current market value. However, it is possible that rebuilding costs can also outpace the market value of your home, especially if it is older.
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Once you’ve determined whether it’s the right time for you to sell based on your financial situation, it’s time to refine the home value information you’ve already collected and sprinkle in your realistic goals to determine the asking price that you will advertise in your listing.