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How Much is My House Worth - 3 Free Methods to Get an Accurate Appraisal

By Edited May 31, 2014 0 0

How much is my house worth

How many times have you questioned "how much is my house worth?" This is a call into question that troubles numerous folks once we start the process of selling our home and frequently give up or simply draw out making a decision merely since we can't decide how much our house is worth. There are numerous formulas to do this and just about all of them are rather easy and costless.

>>> Among the methods is to ask at least 3 local agents in your region to come down to view your property and tell you how much your house worth. The real estate brokers will usually appraise your home at a higher value than normal but this is oftentimes within 5 to 10% of the actual fair market value. Average out the 3 real estate agents appraisals and drop it by 7 to 8% will give you a rough estimate of the value.

>>> Now, phone up some other real estate brokers and act as a purchaser of a home in the area where you live in. The agent will be more down-to-earth of the cost this time since you're acting as a buyer and they'll want to give you a good idea as to the cost which should be more accurate than the appraisal you got from the others. This would give you a better estimate of the actual value of your home and the market price at which you'll be able to potentially sell the house at.

It's often valuable having the real estate broker present you with a written letter saying  how much your house is worth prior to listing  it with them then they'll be pleased to take on your home at the price they've quoted. Once you've got 3 to 5 letters choose the 3 best letters or written bids from your local real estate agents. This is really helpful and if the house is appraised any time by a RICS inspector, the letters will have a very beneficial value in appraising the valuation as their written offers by official real estate agents.

>>> It's likewise worth approaching a few agents who have listings in your area and acting as a potential buyer ask them for some pamphlets of homes which appear  similar to your house with the same number of bedrooms and other similar features. Pick up these pamphlets and compare the market price of them based on some elements such as energy ranking of the appliances and, size of the kitchen. This will give you a sound estimate of the value of your house as compared to what is on the market in your area.

Despite these factors the most crucial ingredient is naturally the recent house sales in your area which have just been sold and most likely the real estate agents in the area are conscious of these figures. All the same again exercise the strategy of phoning them as a possible buyer and inquiring how much the homes have been selling for in that area. They will usually give this data to you free and with no hiccups if you act as a potential house buyer.



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