Keys to Assessing Your Home’s Market Value
With property values increasing, it’s an opportune time to consider selling your home. Here are some things to consider before you make the decision to sell.
1) Find the value of your home—There are many online home value tools available such as Zestimate® on Zillow.com, which gives you a quick estimate of your home value, as well as comparisons to other properties in your neighborhood, market predictions, property tax history, school listings and more. Or ask a qualified realtor for a comparative market analysis, which uses current market data to generate an estimate of your home value.
2) Review the condition of your property—To get the best price for your home, make sure it’s in good condition, well-maintained, neat and clean. Presenting a home that’s attractive and uncluttered enhances the salability.
3) Identify improvements with the best return—Consult a realtor for insights on which improvements to pursue. While remodeling kitchens or bathrooms can improve your overall home value, consider whether the additional time and expense will get the desired return when you sell. Keep your improvements neutral and practical. Prioritize “little things” you can do that don’t cost much first, such as enhancing “curb appeal” with a well-maintained exterior, or add brightness inside with a fresh coat of paint or new carpet.
4) Prepare your house for sale—Here are some simple things you can do:
- Work around the home buyer’s needs when showing your home & be flexible if they need you to move out quickly
- Replace light bulbs & curtains
- Repair dripping faucets or showerheads
- Keep surfaces clear and uncluttered or hire a professional to clean while the house is on the market
Whether you’re buying or selling, RCU is with you every stage of the way! We have many home loan options to fit your financing needs and a free, no-obligation program through our partner CU Realty to help you find the home of your dreams. For more information: Call 1 (800) 609-9009 or visit homeloans.redwoodcu.org.
Sources: Realtor.com, “Tips for Making Your Home More Saleable”; blog.comfree.com, “5 Salability Factors That You Can Control”