Get serious about your home and in tune with the real estate market value:

It’s not easy for homeowners to objectively value their homes, that more often is a reflection of their life style and personal taste. However, by consulting with a Real Estate Broker, using online real estate resources, investigating their neighborhood, local trends, and soliciting the opinion of valued friends, home sellers can arrive at a reasonably accurate price that is in tune with the market values.

Keep These Thoughts In Mind:

• Realtors® and real estate appraisers are the best sources of information on current market conditions. Consumers should begin the home valuation process by consulting with their Real Estate Broker or a local real estate appraiser. A Real Estate Brokers can provide home sellers with a list of homes that recently have sold in the area, and use that data to help determine the most accurate and competitive price for the home.

• Home sellers also can contact their local tax assessor’s office, many of which post real estate transactions on their Web site. The records will indicate what properties have recently sold in the neighborhood and the respective sales prices. Consumers should look for homes that have sold within the last three months for a more accurate picture of current market values.

• Online sites such as Zillow.com and Trulia.com also provide free online home value estimators.  Consumers should be aware though that these sites derive some of their information from public records, including tax appraisals, and are subject to error.

• Some real estate experts recommend homeowners attend nearby open houses to see how their homes compare in size and amenities. Consumers also can consult the Marshall & Swift Residential Cost Handbook, which professional appraisers use to assess the value of features such as fireplaces, three-car garages, and the like. The handbook costs $300 and is available in some business school libraries. An online site, swiftestimator.com, enables homeowners to conduct an item-by-item calculation of the value of the home. Online sites and books only should be used as guidelines though, and homeowners are advised to contact a real estate professional to help determine what price to set for selling their home. 

Tell me what's my home worth in the High Desert

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