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Things To Think About When Researching Your Comparable Home Value |
By:
Dave Conklin |
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Things To Think About When Researching Your Comparable Home Value
Dave Conklin
People who have homes that they are thinking of selling have come to me for answers about their comparable home value for a long time now. I have found during that time that they often will ask the same questions. Quite frankly, I am writing this article to assist others who may be facing the same dilemma.
First things first. Take a look in the mirror and acknowledge that your taste differs from the taste of other people. Not everyone, for example, is into Donald Trump's gold chandeliers and toilet seats. So many home owners get in this rut of thinking that their home is the greatest in the state because they live there and put so much hard work into it. Don't get me wrong, there's nothing wrong with being proud of where you live. But one of the first things to acknowledge is that people do have different tastes.
The time frames in which comparable home values change can often startle people. One week your home and be worth "x" and the next week "y". This is often due to homes that are close your home selling or coming on the market. Another common factor is how many homes are actually currently on the market. There are other things to consider as well.
Third, if you're looking to increase your comparable home value, make sure you stop and think logically about it. Painting is a great idea, because it's cheap and can add a dramatic effect. However, I have seen people pick out lime green paint to put in their kitchen because they liked it. When you do something like that, though, you are automatically decreasing the value of your property. Keep it neutral.
Smells of urine, sweat smoke, and other gross things tend to glue themselves to carpet. This should be one of the first things to consider when you're looking to increase your comparable home value. This is because of the inexpensive yet dramatic effect that carpet can have on a home, along with paint. Be sure that you ask someone who won't lie to you to come to your home and confirm that it smells good. You won't smell your own home because you live in it.
It's not only inside where you can create an amazing improvement in you homes comparable value. Outside one of the best things you can do is to power wash and then re stain your deck. If it's been more than a year since you stained... do it again. Have fun with it! Invite some friends over, buy them some pizza and get them in on making you some extra cash! A stained deck and make a back yard look new again!
The last thing you need to understand is the difference between comparable home value and how it relates to an appraisal vs. market value. Simply put, an appraisal considers only what homes have sold for in a very recent time frame and within a very tight radius. Your home's market value takes other things into consideration, like cosmetics, and other appealing features that your property possesses.
The bottom line is this. If you will be making a move out of your current home in the next year, get a comparable home value report for free from a vendor like GetMyHomesValue.com. They will actually connect you with someone in your area that will make sure that you are asking the correct dollar amount for your house.
Before you decide to put your home on the market, GetMyHomesValue.com is a site you need to check out to find your http://www.getmyhomesvalue.com/ house value comparables at no cost to you as well as your http://www.getmyhomesvalue.com/articles/comparable-home-value/) comparable home value
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Article Source: http://www.statssheet.com/articles/article65143.html |
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