How Much Is My Home Worth?
Posted: September 11, 2015 by Alex Fowler
This blog offers three ways that you can estimate how much your home is worth.
Homes in Springfield, Nixa, Ozark, and the surrounding areas have different values. These values vary depending on certain factors. Such factors include the size and condition of the home, the neighborhood that it's in, the quality of the schools in the area, the crime rate, and the location-some homes may be in Springfield, Nixa, or Ozark.
Some may be asking "How much is my home worth in Nixa, MO?", "How much is my home worth in Springfield, MO", or "How much is my home worth in Ozark, MO?" Maybe you don't live any of those places and you just want to know "how much my home is worth?" We answer this by finding out the market value. The market value is the most any buyer would pay for the home if it went up for sale today. For example, if a buyer were to offer $100,000 for your home, and that was the highest offer received, that number may be considered the market value. However, if you are unsure if you want to sell your home and prefer to estimate the value of it yourself, there are a few ways to arrive at a realistic number.
Ask Your Springfield, MO Real Estate Agent for His/Her Valuation
Real estate agents are great at estimating the value of different homes. This comes from the real estate agent being educated about the market. Springfield, MO real estate agents view or show hundreds of homes in your area (Springfield, Ozark, Nixa, etc.) every month, so they have a good knowledge of the going rate. You can fill out information on our site at http://www.cbvanguard.com/ under the sellers tab to have an agent help.
Look at Recent Home Sales in Springfield, Nixa, Ozark, and the Surrounding Area
One of the best ways to estimate your home’s value is to look at recent home sales in your immediate area. Find recent sales of homes in your neighborhood that have the exact or similar features as your own property. This features could be the same number of bedrooms and bathrooms, garage spaces, acres, etc.
If you want to know exactly the true value of your home, hire a professional appraiser. Appraisers are licensed by the state and they must abide by strict standards. Banks trust their word and will not lend money without an appraisal of your home. An appraiser will look at recent home sales and information about the community; he will also visit your home and go from room to room to figure out the value.
After estimating the value of your home, you may find that it is worth more than you expected. You may also find that if you make a few minor repairs and upgrades, the value could rise even higher. Using these resources can get you a rough estimate of what you could get on the market to help you make more informed decisions about your home in the future.
If you have any questions about your home, you can contact an agent below or call our office at 417-887-6664.
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