Many factors impact the calculation of a home value. The amount of land that comes with a home and its location are two important issues to consider. The home values of comparable properties also affect the home value calculation. Look here for more information about how to calculate your home value and how to improve its worth. There are websites that can assist you in determining the values of homes in your area and real estate agents can also come up with an estimated value for your home.
Selling real estate today? In many markets it pays to price the house competitively and make the house look great, regardless of the inventory. Fix up the house, price the house right and compare the house price with what is on the market vs. what houses have been sold. Watch this Expert Real Estate Tips segment to learn more about what it takes to sell in one California market and how to be competitive.
Reverse mortgages pay the home owner and have not been affected by falling home values. Getting a reverse mortgage helps you tap your home's equity, or the amount of the home you own outright. Because few people obtain reverse mortgages and reverse mortgages do not cover full home values, reverse mortgages have not been hurt by the credit crisis.
Homeowners in some parts of the country such as Arizona, Nevada and Florida, are learning the hard way that their real estate investments may lose value. The growing number of foreclosures and short sales makes some wonder when the real estate market will hit bottom. If you're looking to purchase real estate, how do you know when will be the right time to buy? While you can't time the real estate market, remember that you don't always have to buy real estate at the very lowest price to make money.
On the show today, we had a call from someone who wanted to know about selling a home his Dad owned in California. The son, a resident of Georgia, is ...
When you buy property at a reduced cost, will you risk lowering the market value of the property? A home owner asks about buying a property for less than what it's worth and selling his own property for a lower price. It's a good idea to work with an attorney to complete a property swap.
Home values continue to decline and home owners are losing income. These factors affect home owners' ability to sell homes and make mortgage payments. Some home owners may be considering giving their homes to the bank through foreclosure and moving on. Those who can afford to keep their homes have negative equity -- they may owe more than the current home value. The credit crisis continues to impact home values, mortgages and the housing market as a whole.
A prospective home buyer is wondering if an older for-sale home with plumbing problems is a good deal. The value of the home depends heavily on the location. The best way to know a home's value is to look at what comparable home in the area have sold for in the last three months.
When you're buying or selling a home, you want to get a comparative market analysis so you know the property value. In a comparative market analysis real estate agents compare the value of your property with that of similar properties. CMAs are used to determine at what price to list a property for sale. Learn about comparative market analysis from this Expert Real Estate Tips video.
Real estate information Web sites such as Zillow and Cyberhomes can be good tools for home buyers. However, the online property value listed may be inaccurate. View this Expert Real Estate Tips segment on how to navigate these sites and to learn tips to get a full picture of a property's value.
Should you combine an adjustable rate mortgage (ARM) and a home equity line of credit (HELOC) into a 30 year fixed rate mortgage? If the interest rates are low enough should you refinance the ARM and HELOC into a fixed rate mortgage loan? You should look at the terms of your loan and compare that with market conditions such as the value of her home.