3 Ways to Appraise the Value of Your Home Online Before You Sell
When the time comes to sell your home, you’ll have to ask yourself a very important question — what is the value of my home? As the housing market fluctuates and the trends related to buying habits shift and change, it can be difficult to pin down an exact value. Fortunately, there’s more than one way to find out what the value of your home is, and you can accomplish this goal from the comfort of your home on your own computer.
Procuring an accurate estimate of your home’s value online is a crucial step in the selling process. Posting an unrealistic price can scare buyers away and quell interest in your home. On the other hand, undervaluing your home can leave you with nary enough money in your pocket to acquire a new residence.
If you’re wondering, “How can I sell my house for cash in Raleigh, NC, for a fair deal?” consider partnering with an experienced homebuyer from Real Estate Solutions Providers. Our team purchases all homes regardless of their age, condition, or location, so you don’t have to worry about getting stuck in limbo on the traditional real estate market where homes can take as much as six months or more to find a buyer.
1. Third-Party Online Home Value Estimators
There’s dozens of online home valuation tools that can be used to give yourself a better idea of the value of your home. You knew what your home was worth when you bought it, but over the years this figure can change significantly for the better or worse. Websites like Zillow and Trulia can give you a rough estimate of your home’s value. Similarly, public records like property transfers, deeds of ownership, and tax assessments can be accessed online to see what your home and other homes in your area have sold for in the past and help predict its current value. However, it’s important to realize that these estimates, often generated by a tool called an automated valuation model or AVM, are typically used to help sellers generate leads. Lenders and real estate professionals may offer vastly different appraisals than what you discover online, so be wary of latching on to the first valuation you obtain.
2. Check the Federal Housing Financing Agency’s Price Index
If you want to utilize a decidedly more scientific method to appraise the value of your home, the Federal Housing Financing Agency’s house price index (HPI) calculator is another option. The values reported from this tool are based on the “repeat sales method.” This method tracks changes in value throughout a series of sales to estimate values in the ever changing United States housing market. The downside? It doesn’t adjust seasonally or factor in inflation.
3. Get an Instant Cash Offer from an Experienced Homebuyer
Another option is to contact a homebuying service like Real Estate Solutions Providers to get an instant cash offer on your home. This process can also take place online. Simply submit the offer form and wait for a callback. Not only will your home receive an appraisal, but it may also receive an instant cash offer. This can greatly simplify the process of selling your home while helping you get a fair deal at the same time.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.