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How to Valuate Your House
The time has come to sell your house. Sell when the market is hot, and you’ll make a bundle of money. However, if you are like most homeowners, you aren’t exactly sure what your house is really worth. Let’s take a quick look at a couple ways to gauge the true value of your house. If you decide to sell, contact We Buy Dallas Houses at your convenience.
Check Out Local Home Sales
Take a look at the sales prices for homes in your area, and you’ll get a sense of what your house is really worth. Though no two houses are exactly the same, most properties in a neighborhood are fairly similar to one another. In particular, it will help to zero in on the sales prices of houses in your neighborhood. Adjust your expectations based on your house’s idiosyncrasies, and you’ll have a good idea of its worth.
Lean On an Appraiser
Though it costs money to pay an appraiser to valuate your house, this professional’s insight will reveal what your house is worth. Appraisers are well aware of the fact that houses that are sold next door to yours or a street or two away are not always legitimate comparables. Appraisers consider the house’s size, its features, the land it is built on, and other idiosyncrasies to provide a sense of its actual value.
Market Analysis
You can obtain a CMA, short for comparative market analysis, from a real estate agent. The CMA compares the value of the house to other properties in the area sold in recent months and/or those currently up for sale. The CMA will factor in the house’s features to determine its actual value. Everything from the condition of the house to its amenities, the location, and the current market will shape the value estimate.
Search the Web
There is plenty of discussion as to whether online real estate websites such as Zillow provide accurate estimates of house values. As an example, Zillow’s Zestimate is often referenced by those in the real estate industry. However, Zestimates tend to overestimate the value of houses. You can certainly consider the Zestimate value when determining how much your house might sell for, but it should not be the lone factor that shapes your expectation for the value.
The Zestimate is based on an algorithm that runs calculations based on data submitted by users and the general public, so it is not guaranteed to be completely accurate. Consider the Zestimate when setting expectations for your offer from We Buy Dallas Houses, and you’ll have a general idea as to what your home might be worth.
Ask a Local Real Estate Professional for an Estimate
Real estate agents who help locals buy and sell houses on a daily basis have a good idea of what properties are worth. Some such professionals might even be willing to help you sell your house by providing a free estimate. Though there is no guarantee this professional will crunch the numbers to determine your house’s value, they will rely on prior sales and their knowledge of the local market to provide an estimate for your house. However, there is no reason to hire this professional to sell your house. Choose We Buy Dallas Houses to sell your house fast, and you’ll be provided with a fair, all-cash offer that sets the stage for you to transition to new digs in as little time as possible.
Analyze Recent Home Sales
Search the web for local real estate sales, take a close look at the amenities of recently sold houses in your area, and compare their features to those of your house. Consider the age, condition, specific location in town, square footage, and other factors when gauging the price of your house compared to those that recently sold in the area.
Get an Offer From We Buy Dallas Houses
If you are looking to sell your house fast, look no further than We Buy Dallas Houses. We buy houses the easy way. Contact us today to sell your house fast, and you’ll receive a solid offer that helps you turn the page to the next chapter of your life without a lengthy wait. Reach out to our team at 254-272-3743 or contact us on the web to get an offer for your home.
