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Many resources to determine your house value

Posted Friday, July 9, 2010

The most efficient way to find out your house value would be to hire acertified home appraiser to give you an appraisal on your house. This is alsothe most expensive way to find out what the value of your house is. Calling alocal realtor would be a free but reliable way to find out what the currentmarket value of your house is. A realtor will come to your house and evaluateit. There are many factors to consider when determining what your house valueis. A realtor will look at what other houses in your local neighborhood areselling for and try to find the house most comparable in size and age to yourhouse. Another factor is any home improvements that you have made to your housein recent years.

If you are not quite ready to have a certified home appraiser or a professionalrealtor come to your house, you can do a lot of the research yourself to findout what your house value is currently worth. You can look in your localnewspaper to find out what current homes have sold for in the past two to threemonths. You should try to find houses that are very similar to your house inage, square feet, lot size, bedrooms, bathrooms and if there is a garage. Itwould be best to try and find houses that are closest to your neighborhood.

Another way to find out your current house value is to drive around localneighborhoods comparable to the neighborhood where your house is located. A lotof the time there are flyers underneath the realtor sign on their property thatwill give you the listing specifics. If there is no flyer available write downthe name and number of the realtor, and call them and ask them specifics aboutthe house that is for sale.

There is a lot of information available on the internet. There are websites thatwill tell you what recent home sales have been and you can compare those housesto your own house.

If in doubt about your house value, you should consider hiring an appraiser orcontacting your local realtor to determine your house value.