Do You Know Your Home’s Value?
March 6, 2023 | Anthony Cosenza
It’s getting increasingly important to know your home’s value in this market
People are keeping an eye on the ebbs and flows of the real estate market, but sometimes knowing what’s going on with one’s personal assets can be tricky. It’s important to know the numbers behind your current house–do you know your home’s value?
A number of aspects can affect the current value of your home. And, even though inflation and interest rates have been all over the headlines, sellers are still netting top dollar for their homes.
Recent remodel work, paint (exterior or interior), landscaping and other work done (or not done) can impact your home’s value greatly. Knowing comparable sales in your community and in similar floor plans is also a must.
Knowing what homebuyers are looking for, in terms of layout, aesthetics and neighborhood amenities is crucial to assessing the value of your home. We are blessed to have many communities offering many great facets to homebuyers throughout Southern California.
Online real estate resources are great tools to aid with keeping an eye on inventory, but potential sellers need to be cautious to not rely on “Zestimate” numbers and other arbitrary figures they stumble across because it often leads to an improper valuation.
KSL reports that nearly 44% of home sellers have overvalued their homes because of those online tools. Additionally, our real estate MLS tools have “Zestimates” specifically varying up to 38%.
If you are wondering about your home’s value, be sure to contact us today! We can do extensive research, conduct a walkthrough of your property and give a highly-accurate number as to your home’s value and potential equity you’ve accrued.
Again, while online resources are great for many uses, nothing compares to the expertise of a licensed real estate agent in this regard. Trust Casa Bella Realty Group’s decades of accrued real estate experience and high level of production to work for you!