How To Determine The Worth of Your Home

How to Valuate Your House

​​​​​​The time has come to sell your house. One of the first things you probably want to know is, what will it sell for? Like most homeowners, you may not be completely certain of the worth of your home. Your goal is to sell your home as quickly as possible, while making as much profit as possible. In order to do this successfully, knowing the value of your home is key. Here is a quick look at a couple ways to gauge the true value of your house. If you have already done the research, and you have decided selling is the best option for you and your family, contact We Buy Austin Houses. We can provide a non-obligatory cash offer for your home, free of charge.

Check Out Local Home Sales

It is possible to get a rough sense of what your house is currently worth from the sales prices of other similar properties in your area. No two houses are exactly the same, but most properties in a neighborhood tend to be fairly similar, therefore most likely selling in the same price range. Using this information, you can likely get a very general idea of the worth of your home. 

Recruit an Appraiser

A general idea of the worth of your home is a great start, but professional insight is crucial in revealing its exact worth. Appraisers are specialists in finding the worth of properties. Your appraiser will consider the house’s size, its features, the land it is built on, and other similar characteristics to provide a sense of its actual value.

Market Analysis

Your real estate agent can provide a CMA (short for comparative market analysis). The CMA compares the value of the house to other properties in the area sold in recent months and/or those currently up for sale. This will factor in the house’s features as well as the condition of the house, its amenities, location, and the current market. 

Do Your Own Research

Common candidates for those seeking free home estimates areonline sitessuch as Zillow. Though convenient, these estimates are often found to be inaccurate. As an example, Zillow’s “Zestimate” tends to overestimate the value of houses. You can certainly consider the Zestimate value when determining how much your house might sell for, but it should not be the lone factor that shapes your expectation for the value.

Online estimates are based on an algorithm that runs calculations based on data submitted by users and the general public, so it is not guaranteed to be completely accurate. Consider these online estimates when setting expectations for your offer from We Buy Austin Houses for a general idea as to what your home might be worth.

Ask a Local Real Estate Professional for an Estimate

Real estate agents help locals buy and sell houses on a daily basis and tend to have a good idea of what properties are worth. Some might even be willing to help you sell your house by providing you with a free estimate on the worth of your property. Relying on prior sales and their knowledge of the local market, a real estate agent can provide a good estimate. However, this is a lot of unnecessary hassle.

Get an Offer From Us

 Choose We Buy Austin Houses to sell your house fast, and  we will provide you with a fair, all-cash offer that allows you to transition to the next chapter of your life, and leave the stress of home selling in the past. Reach out to our team at 512-598-9341 or contact us on the web to get an offer for your home.