Knowing your home’s value allows you to evaluate what you can afford, determine whether a listing is priced appropriately and decide how to price your own home, says Gayle Weiswasser, senior vice president of marketing and communications at Homesnap, an app that offers home value estimates.
And the benefits of finding a home’s value don’t end with a purchase or sale: Refinances, home equity lines of credit, insurance premiums and annual property taxes are all based on home value.
The largest asset that most people have is their home. Knowing just how valuable that asset is can change many aspects of your life.
The short answer’s easy: A house is worth whatever someone will pay for it. The long answer depends on the market and many other variables. That is what we at Home Price Experts help determine for you.
You can use online tools or websites to try and figure out a general range. Wouldn't you rather know something more definitive. Some of the large valuation sites can be off by as much as 25%.
It can also provide a picture of your overall financial health and fleixbility. Nearly three-quarters of Americans say knowing the value of their home is important for precisely this reason, according to a NerdWallet survey. If you are looking to refinance your home know the amount you can get can help you make other life decisions.
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