It's a question every homeowner wonders. What is my house really worth?
Sure there are appraisals and comps and realtor estimates, but gauging the true value of a home is a difficult process.
And with so many sales in the real estate market recently it's difficult to say what that type of sales volume can do to pricing.
Fluctuations in the market mean fluctuations in price. A realtor's estimate will be their best guess.
And that guess may include months of marketing, open houses, and showings.
If you are a motivated homeowner you want to know:
What is my house worth now?
We can help you get an idea.
Here goes:
What Is My House Worth When Listed?
Listing price is something realtors use. It's the starting point of negotiations, as simple as that.
In a competitive market with little inventory, you may be shocked to find homes are selling far above listing price. A bidding war may start.
Buyers offer cash purchases, short financing, and quick closures.
On the other hand, you may never even see the listing price offered. And after a home inspection, the sale could close for much lower.
Listing price is a fair guess made by a realtor. It's a far cry from cash in hand.
Appraisal Price
An appraiser typically factors in surrounding properties, their value, and the state of the real estate market. While listing price is subject to fast market fluctuations, appraisals are typically more conservative estimates.
Appraisals are used for tax purposes and for insurance values. If the housing market crashes, appraisal values won't necessarily plummet the next day.
Like a listing price, an appraisal is an educated guess.
Inspect the Structure and Neighborhood
You can see for yourself if the building is structurally sound to some degree. How old is your home?
Is it visually pleasing? What is the neighborhood like?
Look at the outside as well. This will help you answer "what is my house worth?"
Inspect the Grounds
What is the state of your landscaping? Did you know that landscaping can dramatically boost the value of your home?
Some experts say a $20,000 investment in landscaping could return more than $200,000 in the value of your home.
If you're a motivated seller you don't have time to perform improvements. You need to know now.
But take the landscaping and grounds into account when estimating value.
Find Out Now
You don't have to deal in estimates and appraisals.
The best way to find out exactly what your home is worth is to find out what type of cash offer you can get immediately. With financing deals and estimates you'll be dealing with guesses.
BiggerEquity is different. We make sales happen now.
BiggerEquity can close in as little as 7 days because we pay cash for our properties.
We purchase all types of houses, as-is and in any condition, so you don’t need to fix up the property. For motivated sellers in South Florida, there is no better answer to get your home sold.
Don't wait another day to figure out an answer to your real estate issues.
Contact us now to get the BiggerEquity 100% satisfaction guarantee.