How to Best Estimate the Value of Your Home

Selling your home can be a hugely stressful experience. There is so much tied up in the sale: your finances, your prospects, your future, and even your happiness. The more money that you can make from the handover, the more you’ll be able to do with it, so every seller wants to get the highest price possible.

However, making the wrong decision when it comes to valuing your home can be a disaster. Price it too low, and you’ll be wasting the opportunity to bolster your bank balance and secure your future. Price it too highly, on the other hand, and you risk frightening off potential purchasers. It’s an exquisitely fine balancing act, and one that you have to get right.

Luckily for you, following the correct procedure should help you to do exactly that. If you want to accurately estimate the value of your home, then simply follow these three easy steps…
house-141357_640Step #1: Take a Look at What Similar Properties are Selling For

Home sales are rarely simple. It’s not uncommon for sellers to want to test the waters before committing to putting their house on the market, and this means that few people want to spend a large amount of money on their initial inquiries. Fortunately, you don’t have to. One of the best ways of ascertaining how much your home is worth is to log onto online estate agents and try to work out how much similar properties in your area are selling for. You might struggle to find an exact match, but if you can find three to five similar houses, and calculate an average price based on their asking values, then you should be able to gain a pretty accurate idea of what your home is worth.
house-196006_640Step #2: Do Some Research into Sales Prices

Once you have a rough idea of the sort of money that your property is worth, then it’s often helpful to carry out a little research that will help you to refine this figure. There are lots of property forums that can provide an insight into the mindset of buyers and information on specific market conditions, as well as features that might make your home worth more or less than its contemporaries. The more you can learn about the property market, the easier you’ll find it to reach an informed decision regarding the sort of money that you should be asking.
beach-house-349670_640#3: Get a Professional Valuation

If you’re happy with the sort of price that you think your property is worth, then it’s useful to approach the professionals to see if they concur. Companies like House Network offer free valuations, and these should help you to ascertain the veracity of your own research. Although their initial assessment will be relatively basic, they’ll have a lot of figures to work with regarding the sorts of properties that people want, asking prices in your area, and the amount that buyers are willing to pay, so it’s always useful to get a second opinion from those in the know.

Price your property accordingly to secure the speedy and successful sale that you need.