subject: How To Determine How Much Is My House Worth [print this page] There are a variety of different ways that you could find out how much your house with worth. A house's value can change throughout the year. A few of the reasons people need to know there house value is for selling it or for refinancing purposes.
The most efficient way to find out your house value would be to hire a certified home appraiser to give you an appraisal on your house. This is also the most expensive way to find out what the value of your house is. Calling a local realtor would be a free but reliable way to find out what the current market value of your house is.
A realtor will come to your house and evaluate it. There are many factors to consider when determining what your house is worth. A realtor will look at what other houses in your local neighborhood are selling for and try to find the house most comparable in size and age to your house. Another factor is any home improvements that you have made to your house in recent years.
If you are not quite ready to have a certified home appraiser or a professional realtor come to your house, you can do a lot of the research yourself to find out what your house value is currently worth. You can look in your local newspaper to find out what current homes have sold for in the past two to three months. You should try to find houses that are very similar to your house in age, square feet, lot size, bedrooms, bathrooms and if there is a garage. It would be best to try and find houses that are closest to your neighborhood.
Another way to find out your current house value is to drive around local neighborhoods comparable to the neighborhood where your house is located. A lot of the time there are flyers underneath the realtor sign on their property that will give you the listing specifics. If there is no flyer available write down the name and number of the realtor, and call them and ask them specifics about the house that is for sale.
There is a lot of information available on the internet. There are websites that will tell you what recent home sales have been and you can compare those houses to your own house.
If in doubt about your house value, you should consider hiring an appraiser or contacting your local realtor to determine your house value. The process can be very quick and simple.
