There are many ways to determine your home value and even different values can be valid, depending on the reason for the home value. If you need it for a tax valuation dispute, you’ll want a low value. If you need it for tax purposes (estate transfer?) you may want a higher value. But if you’re planning to sell your home, you want the most accurate value possible. This will help you make the most money in the shortest amount of time.
Athens local resources to help determine your home value
There are many factors used to determine the value of a home, including the location, neighborhood sales, condition of the home, demand for homes in the area, and the seller’s motivation. It is important to have your home in the best condition possible, clean clean clean, and make it available for buyers to view almost any time. There will be times when it’s not convenient but the easier it is to show, the more people you’ll have to consider making an offer on your home.
Compare and Adjust
The best way to determine the value of your home is by staying up to date on recent sales in your neighborhood. Sometimes the neighborhoods are too small to use this as a good indicator of value. There may not be enough sales to get a good idea of accurate pricing. If that’s the case, you’ll need to look at sales in nearby neighborhoods, of homes that are similar size and age to your home. If you’re using larger or newer homes, you’ll need to make adjustments for the differences. Extras like updated kitchen or bathrooms on a home of similar age will also need to adjusted. If you have a fence, an attached garage, new roof, new HVAC, hardwood floors, or other upgrades, be sure to adjust for those items too.
You’ll also need to adjust for the location, if it’s better or worse than comparable homes. The condition of the home is a big factor so you need to make sure the home is in great condition so there is no need to discount the price due to repairs that need to be made.