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What’s my house worth?

The truth about home values

Created date

August 20th, 2013

Personal Moving Consultant Oftentimes, when I ask customers what they think their house is worth, they answer with a very specific figure that they want to get for their house. But it s not quite that easy! As demonstrated over the past few years, house values change over time. To determine your house value, the key is doing research of the current market. Here are some helpful suggestions: Compare your house to houses that have sold in the past three months anything beyond that timeframe is outdated. Consider the condition of your house a house that has been renovated and updated can make a $25,000-plus difference. Compare basic items such as square footage, number of bedrooms and bathrooms, garages, acreage, and the design/style of the house. Stay in your zip code when comparing properties going too far out of your neighborhood can skew the information and lead you to false figures. Use house value websites to aid in your process but don t give them 100% credibility. Now you have the basic steps to determining your house value on your own. There are two other ways to get your house value: an appraisal and meeting with a real estate agent. An appraisal is a nice tool for a formal assessment; they typically cost anywhere from $300 to $500. A more inexpensive way to determine value is to meet with an agent; it s free and there s no commitment. Through the Erickson Realty and Moving Services program, our national network of preferred real estate agents would be happy to meet with you and analyze your house s value. Here s hoping that the research will lead you to the number you are hoping for!

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