There is no easy or even accurate method of determining your house value; even when dealing with basic appraisals, professionals will disagree on what a home is worth.
When it comes to successfully maneuvering real estate deals, one can only depend upon how much someone is willing to pay to more concretely determine the value of a given home.
There is such a thing as automated appraisal systems; these tools will determine the value of a given home based on recent sales of similar pieces of property in a given location, though they do not take into account factors such as the condition of the property and the type of transaction along with numerous other variables.
In most cases, it is always essential that you utilize the services of a professional when trying to determine your property’s worth; however there are simple and effective resources you can utilize in gaining a quick estimation for your home’s value, many of which you do not even have to pay for, these including the following:
Whether you are looking to sell or rent your property out, Trulia is the perfect tool to achieve your objectives; it features a popular mortgage calculator that will allow you to make some very important decisions regarding your mortgage (specifically how much you can afford). With Trulia you will not only determine the value of your home but whether you are better off renting or buying a house depending on your financial situation.
Not many homeowners are aware of the existence of this particularly impressive resource. Even without providing any personal data, users can gain instant access to sales comparables as well as free home value estimates. The website is a treasure trove of information about real estate which is bound to prove useful to many an individual, this not even taking into account the mortgage calculator.
This website is highly popular for its ability to aggregate a wide ranging list of homes for rent and sale across the nation; by analyzing the homes that were sold in your area and their value, it is possible to determine what your home might be worth.
Zillow has its own internal algorithm that you can utilize via its tool (How much is my home worth) to acquire a quick estimate. The tool is not only free to use but you do not even have to register with the site. Once you enter your location in the appropriate field, you are ready to have your property’s value estimated.
Along with the mortgage calculator (perfect for determining which homes you would be most comfortable paying for on a monthly basis), if you are looking for comprehensive property listings, you need look no further than Realtor.com. Along with a provision of property values that you can use to make home value estimations, the site will assist you in finding a realtor. The reports the site provides (with which you can analyze the comparables) are also particularly useful.
In order to receive the estimated value of your home, possibly even look for homes for sell (as well as real estate agents), Redfin.com requires that you register with them.
Property Tax Appraisals/Country Tax Records websites
Most countries will assess each individual’s property annually for the purposes of estimate property tax. For some people, knowing the government’s estimate of a given property can provide a lot of very useful information. Some people who have never utilized this resource might be surprised to learn that their property is being assessed at a value higher than it is actually worth, giving them the opportunity to appeal with the aim of reducing their property taxes.
Granted, the information acquired from a resource such as this is not particularly reliable; however considering that most such records are available online, it will not hurt to browse them.
Local realtors are very useful resources when it comes to matters of estimating the value of your property; most of them should have no problem estimating your property’s value on the MLS, probably even making available a comparable market analysis to you. They are unlikely to charge, especially since they expect to make a profit when they eventually list your property.
Admittedly some agents have been known to inflate the value of a house; but on the whole realtors are a far more reliable resource than some random automated system because they have local knowledge of the real estate market.
You can always increase your chance of selling your house for top dollar by making sure your house is worthy of a premium. Doing inexpensive upgrades can breing a substantial return on investment. Make sure you study this excellent infographic by Phil Spencer for a few ways to increase your house perceived value.