How do you know how much your house is worth?
Wonder what your house — or a house you might buy — is really worth
The short answers easy: A house is worth whatever someone will pay for it.
The long answer depends on the market and whether you’re asking a lender, an agent or a county tax assessor. But why take their word for it?
There are a bunch of factors that come into play when putting a price on your home.
- The past sales in your area
- The condition of your home
- Why you are selling? In a rush? Got no where to be ?
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Knowing your home’s value allows you to evaluate what you can afford, determine whether a listing is priced appropriately and decide how to price your own home. And the benefits of finding a home’s value don’t end with a purchase or sale: Refinances, home equity lines of credit, insurance premiums and annual property taxes are all based on home value.