Tuesday, May 13, 2014

My Home is Worth WHAT!!!!????


AlfonsoGomezBroker.com - The #1 question I get from home sellers is "what is my house worth?" and once I give them the answer, the reply is typically, "WHAT..." Finding the value of your home is an art not a science. Just because your neighbor sold their home for, for example, 500k doesn't mean your home is worth the same. In order for a home to be comparable to yours the home must be: #1-within approximately 1 miles from yours, #2-1 bedroom bigger or smaller than yours, and #3-within 100 square feet bigger or smaller than yours. On top of these 3 things, there are other factor such as upgrades, condition of home, additions, etc. Then I will typically hear, "well, the online site told me my home is worth..." The online sites acknowledge that the free home values are typically off by 6 to 10%. Their information is outdated and not valid. It is always recommended that you use a licensed real estate profession. For a FREE home valuation you can always message or call me anytime.

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