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Why You Need To Get Your House Assessed?

Posted Thursday, July 5, 2012

After years of living in the same home, there will probably come time when you start thinking about moving on to a bigger place. Your family is growing and what once seemed like the perfect place is not so perfect anymore. Or maybe you are in the opposite situation. Your family has grown and all moved out and now it is time for a smaller place, someplace more cozy.

Regardless of your situation if you are thinking about selling, there are many things to think about. How much is your house worth? Who will be the best person or company to sell it for you? Where will you move to? The list of questions can go on and on for miles.

The good news is that there is a great starting place for anyone ready to move on to a new home. This is to get your current property assessed. What does getting your property assessed really mean? You will pay an expert to come in and tell you what your property is really worth in the current market. Having this information will be invaluable to you once you really ask yourself "how can I sell my house."

Property values increase and decrease depending on the current state of the economy, so knowing what your home is worth can sometimes be tricky. People tend to overprice the value of their own home, due to many different variables. Normally they think it is worth much more than it really is and that makes it important to have an impartial professional look at what you really have.

These assessors will look at what are called comps. These are the prices of other properties that have recently sold in the area. They will also look at any improvements you have made to the home, and they will look at the home’s general condition. They will usually give you a realistic price that you can sell your house for.

You may be thinking, but doesn’t the real estate agent do that? The answer is yes, however you have to realize that the real estate agent gets paid on the amount they sell your house for. If they price it too high you may have a hard time selling. If they price it too low you will be losing money on the deal.

Having your house assessed will let you know which real estate agents have your best interests at heart. When it is time to ask the question "how can I sell my house," start with an assessment, you will never be wrong when you have the best information.