There are several ways to find out a home’s value. The short answer is a house is worth what people are willing to pay. Getting to that number requires some research and maybe a little help. You can work with a real estate agent to prepare a comparative market analysis or hire a professional appraiser.
Online tools can also calculate the value of a home. Trained professionals develop these tools, and knowing your home’s value can help you refinance, sell or tap into your equity.
FHFA House Price Index Calculator
To get started, we suggest using the FHFA House Price Index Calculator. We like this tool because it’s linked to a government website and not an individual lender or real estate organization. This is a fast estimate to give you an idea of what to expect when you’re ready to sell your home. Having great estimation tools gives you a solid foundation when considering a fair, competitive price for a home.
Fluctuating Home Prices
Home prices fluctuate, but you can still get a fair idea of your home’s worth with some patience and a little research. Looking at home prices on Redfin and Zillow or similar listing sites is another great way to get a general idea of what your home might sell for. This is critical research when it comes to setting a price that puts money in your pocket faster.
Sell Your Home Fast for Cash
The Easy Home Buyer helps you figure out the value of your home and sell it quickly for cash. We work with homeowners who don’t want to go through all the red tape of working with a real estate agent or getting a home equity loan.
If you’re ready to offload property quickly, we can walk you through the process and give you a fast turnaround time.
More reading material at this link.