Find Your Home Value
Home Appraisal Tips & Advice
Home Renters Beware: The Foreclosure Crisis Affects You as WellAugust 11, 2008
Home foreclosures have created an overlooked victim: what happens when the home you rent goes into foreclosure? The vicious circle of declining home values and rising foreclosures.
July 11, 2008
Home values drop when foreclosures rise creating a vicious circle. Is there help in sight or a way to take advantage of a declining market? Home Selling Success: What You Need to Know
July 11, 2008
Yes, the home selling market has slowed in the past year; however, houses are still being purchased on a daily basis. What is the secret to successful home selling? Correct Pricing is the Key to Quick Home Selling
By Sheryl LandrumHome Worth Columnist
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Has the housing market slowed down because the economy is poor, because of high mortgage interest rates, or has it slowed because we have just gotten too greedy?
In my neighborhood and in my real estate office, there are homes that are selling quickly. Why? It is because they are priced to sell. So, how do you determine a fair asking price for your home when you're in the market for home selling? Ask your Realtor or loan officer about a home value estimation.
Home Value Estimates Can Give You Confidence in Your Home Selling Price
One of the first things you decide when selling your home is how much you want to sell it for. Before setting a fictitious amount, talk to your Realtor or to your lender about your home's value. Chances are both will recommend a home value estimate through a licensed home appraiser.What an Appraiser Tells You about Your Home
An appraisal is the determiner of your home's value. Usually before we do a home mortgage loan we call our appraisers (and often more than one appraiser) for a home value estimate. We also call on our appraisers when assisting Realtors who are trying to accurately price a home. The appraiser will look at current sales in the neighborhood that are comparable to the home we are preparing to mortgage, or sell, and give us a home value estimate based on their research. The appraiser will often give us a "value check" for free; however, to ensure you have the correct sales price for your home, a full home appraisal is suggested.Home selling and home buying are not to be taken lightly. To ensure you have confidence in the process, talk to your Realtor today and get a professional home value estimate. It can help you sell your home more quickly by helping you to price it correctly and price it to sell.
About the Author
Sheryl Landrum is a Senior Loan Officer with First Capital Mortgage of San Diego at the Prudential Realty Office in Bonsall, California.