Are you wondering what the value of your home is, but aren’t necessarily ready to hire an appraiser to come give you an estimate? While using a professional is always best, especially if you’re planning on selling, buying or refinancing your home, we’ve outlined a few ways to know how to appraise the value of your own home.
Use an Online Appraisal Tool
These tools will help you develop a ballpark number on what your house is worth. They also give you a good idea of what kind of offers you might get when selling your home. Here’s the top 10 tools you can use to help appraise the value of your own home:
- Real Estate ABC
- Chase Mortgage Services
Get an Estimate from a Real Estate Agent
This is another way to get a rough estimate of how much you should expect to pay for your home. A real estate agent can assess the property and tell you what comparable homes are sold for in the area. This gives you a clue of how much your home is worth. Of course, there could be other issues with your house that the agent doesn’t know about, but if they do, you’ll find out about it during the inspection process.
Look Up Property Values
Another option is looking up property values yourself. You can do this by going online and searching for “property value” or “home value.” You’ll see prices listed for properties similar to yours. Don’t just go by price alone. Also, consider the size of the house, the neighborhood, and any problems with the house.
Find Out How Much Your Home is Worth Through a Title Search
One thing that most people often forget about when thinking about buying a home is that their title search isn’t complete until they’ve purchased the home. So, if you’re trying to determine how much your home is worth, you’ll need to wait until after you buy it before you can find out. That means that you’ll either have to pay someone else to perform a title search for you, or you’ll have to hire a lawyer to do it. Either way, this method takes a long time and costs money.
Hire A Professional To Appraise The Value Of Your Home
While it’s easier and cheaper to appraise the value of your own home, it’s not accurate. If you’re seriously planning on buying, selling, or refinancing your home, you’ll need to hire a professional appraiser to give you an accurate valuation. At ExcelAppraise, we offer just that. We’ll work with you to ensure that we give you the most accurate valuation of your home. Call us today at 1-801-882-2292!