So what is your home worth?
Not to sound flippant, but our first answer is, “whatever anyone is willing to pay for it.” There are many tools now available on the internet to help you in deciding what to ask for your home. The “Heat Map” featured on www.trulia.com is one tool that can help in estimating how home values in your neighborhood compare with the overall real estate market in your city. A word of caution though: Trulia’s data for current homes for sale, is a small sample of the overall market because they get data only from real estate agents that have taken the extra time to give it to them. So it is not representative of all the listings or sales activity in a given market.
Secondly, you can take advantage of Internet websites that offer free home automated valuation models. While these are the least accurate estimates of house value because they are computer-generated, they are based on public data about recently sold properties and they are free. Using several sites such as www.zillow.com, www.realestateabc.com or www.reply.com, you will be able to get several computer-generated estimates that can help you establish a range of value for your home. HomePoint.com also offers a free house value report.
For more information on how you can become a successful For Sale By Owner seller visit our website at FSBOHomeMarketplace.com or call (888) 445-2850 today.
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