Ever wondered “What is my home worth?” Even if you are not in the market to sell, it is an interesting question that has peaked every homeowner’s interest one time or another. It is perfectly normal to be curious about how much your home has appreciated over the years. But how do you go about finding this magic number a willing and able Buyer is willing to pay?
Where to Begin
For most homeowners, googling their address and clicking on the first couple of links of home search sites is a starting point for them. But while this will help you get a ballpark idea, remember that there’s no substitute for the expertise of a Realtor®, such as The Monica Betancourt Group, who has access to a vast database of information and years of experience to help you home in on that number.
If you do decide to list and sell your home it is important to remain objective. Many times sellers will think that their home is worth more than it is, because of their personal attachment to it. Mainly because it’s hard to put a number on memories. Other common misconceptions are that you can tac on 100% of renovations and upgrade costs that have been done over the years or your home will always be worth more than you paid. This may not always be true.
Your Best Bet
Pricing your home right the first time it hits the market is essential. You only get one chance to make a first impression. Besides everything is on the internet nowadays, and we all know how lives on the internet forever. If you price your home too high it can end up sitting on the market for a long time and become stigmatized. Price it too low and you may not get that bidding war you’ve been dreaming about; subsequently ending up with less than what your home is actually worth.
Know what your home is worth and list it for close to that figure. For most, a home is the biggest investment they will ever have. Get it right. When in doubt, turn to The Monica Betancourt Group to help you pinpoint that magic number for your home and allow us to get you the most money you deserve.