What is your home worth? The market value might depend based on the real estate market, condition of your home, amount of land associated with the property, amenities to your property and comparable properties’ market value. Learn more here about how to calculate the market value of your home and what it means for you.
How To Determine Foreclosure Market Value
When you're buying a foreclosure you'll likely bid on the property with the lender. How can you know how much cash to bid on a foreclosure? You'll want to bid something comparable to the foreclosure's market value. How can you figure out the market value of a foreclosure?
Property Tax Assessment Depends On More Than Market Value
Why might a market value for a home be so much higher than a tax assessor's value? It depends on how the tax assessor calculates the home value. Learn about the nuances that tax assessors may consider when determining a home's value.
Buying A Home In Real Estate Market With Rising Prices
When home prices rise in the real estate market you as a home buyer may be wondering if it is the right time to buy a home. Will home prices fall enough later on to make a home more affordable? When buying a home you should consider market inflation and interest rates.
Determining The Selling Price Of A Home
How can you find the selling price for a home? In most cases, when a property is listed for sale through a real estate broker or salesperson, the sales information is entered into the multiple listing service (MLS) for future use. The sales price may also be found on the Internet or the county recorder of deeds.
Avoiding Capital Gains May Be Mistake
Is it worth selling your home, even if you have to pay capital gains tax? When the market value of your home goes up, you may want to consider your options for selling your home. You may want to invest in an investment property. You could move into a better neighborhood. Paying a little bit of tax is better than missing all of the profit.
Before You List Your Home, Check Out The Competition
Why do you want to find out about the other homes on the market? It's important to develop a mental inventory of what's been sold, and what is currently available for sale so you have a good idea of the market value. You're looking to see what condition the homes are in, what amenities they have, and how much the owners are asking, then compare it to your own to estimate a market value.
Find Home Market Value With Real Estate Agent
When you're selling your home, what's a good way to find out the home's market value? You can hire an appraiser to determine your home's market value but it may be better to work with real estate agents. You can ask three real estate agents to come through your home and do a comparative market analysis (CMA) which is used to determine your home's market value for sale.
Buying A Home When Real Estate Market Is Pricey
What can you do if you can't afford to buy in a pricey real estate market? Should you wait for a downturn to buy a home? When you're buying a home in an expensive or inflated real estate market you may need to adjust your home-buying expectations.