Do you know how much your home is worth?
This is an important question to ask yourself, especially if you are thinking about selling or refinancing your home.
Hello friends, my name is Dawn D’Amico. I’m a licensed realtor in Pennsylvania and in New Jersey.
In this article, I am going to go over everything you need to know about determining the value of your home. I will cover the different factors that affect the value of your home and give you some tips on how to get the most accurate estimate of your home’s value.
There are a number of factors that affect home value such as:
Homes in desirable locations, of course, tend to be more valuable.
Homes in good condition are worth more than homes that need a lot of repairs.
Of course, larger homes are typically worth more than a smaller home.
Homes with desirable features such as pools, updated kitchens, finished basements, they are going to be worth more than homes without these features.
Next, is going to be recent sales. The recent sales of similar homes in your area are going to be a good indicator of your home’s worth.
So, how do you get an accurate estimate of your home’s value?
Well, there are a few ways to get an accurate estimate of your home’s value:
You could get a comparative market analysis, a CMA, from a qualified real estate agent, like myself. I do these free of charge for people who are trying to make the decision if moving makes financial sense. A CMA compares your home to similar homes that have recently sold in your neighborhood.
You could use an online home evaluation tool. These tools use a variety of factors such as your home’s location, condition, and features to estimate its value.
Now, you could pay for an appraisal from a licensed appraiser. Some folks feel that an appraisal is the most accurate way to determine the value of your home, but it is the most expensive as well. It is going to cost you a few hundred dollars if you hire an appraiser to do the evaluation.
One of the most important tools that I use every day is the comparative market analysis. It is something I provide free of charge to homeowners who are wondering if it makes sense to sell. Very often, people are pleasantly surprised their home is worth more than they thought. And, with that information, they can decide if moving to a smaller home or a larger home is a smart decision for them.
How can you make a decision without knowing what your current asset is worth in the market today? And, why pay an appraiser hundreds of dollars if you are not really sure if you want to move or not?
This is where a good agent like myself will come and take a look around your home and give you a very accurate recommendation of the value in the market today.
So, if you are not sure how much your home is worth, I encourage you, just reach out to me. I can provide you with a free comparative market analysis and help you get the most accurate estimate of your home’s worth. Just call or text me. Reach out to me here at the number below.
Thank you for reading. I hope this video has been helpful. And I’ll talk to you soon.
📞 Dawn's Mobile: 215-962-9307, eXp Realty: 888-397-7352
📧 Email: dawn.damico@exprealty.com
🔗 More Info: https://bit.ly/3X9Ju4x
