How to Valuate Your House

Selling your home is an important decision in every homeowner’s life. It is also complicated, especially if you have never sold a property before. If you are thinking of doing it, you start the home-selling process with the question, “How much is my home worth?” Knowing the right price of your home is very important because setting the price wrong may cost you a lot of money.

Here is how you can valuate your home correctly.

How to Valuate Your Property

In order to figure out the actual value of your home, you can do the following.

Use Special Online Tools

There are many home estimators that are available online for free. The statistics say that over 22% of homeowners selling their homes determine their homes’ value with the help of online tools. Using online home estimators is easy, and they usually provide accurate information. However, in order to start using them, you need to have some information first:

  • The age of your home (when exactly it was built)
  • Type of your home (single-family house, townhouse, condo, etc.)
  • Total number of rooms, including bedrooms and bathrooms
  • Heating and cooling systems
  • Square footage of the property
  • Number of parking spots
  • How much you paid for your home
  • Any renovations and improvements you completed to increase the value of your home

It is important to understand that even though online estimators are reliable, they do not provide 100% accurate information. The accuracy of the information they provide depends on the public records that they can access. If there is not enough information about your town or neighborhood, an online estimator may give you the wrong information.

Ask a Real Estate Agent for a Comparative Market Analysis

A comparative market analysis is based on a comparison and analysis of similar properties that have been recently sold in the same neighborhood. A comparative market analysis is prepared by a realtor who knows the current real estate market and has the relevant professional experience.

A realtor can also evaluate your property without a comparative market analysis. Usually, realtors have access to different listings and are able to tell what the average price of a property is.

Do an Evaluation of Your Property Yourself

Most homeowners are able to evaluate their property themselves. All they need to do is look at the prices of similar homes in their neighborhood or area. Real estate professionals recommend using the so-called “apples to apples” method. According to this method, you need to think about what homes would be interesting for potential buyers if your property were not for sale. You should look for homes of similar size, location, upgrades, and condition. You should compare and evaluate at least three different homes to know the actual price of your property.

Sell Your House Fast to a Cash Buyer

If you want to sell your home as fast as possible, and you do not want to waste your time trying to figure out its value, you should think about selling it to a cash buyer. A cash buyer or home investor purchases houses as-is and does not care about the condition, age, or actual location of your home. Cash buyers are ready to buy a home immediately and pay home sellers cash. If you own a home in Cincinnati or any other nearby area in Ohio, and you want to sell your house fast, We Buy Houses Cincinnati is the right place to contact. We buy houses for cash and make the whole selling process easy and hassle-free for our clients. We always give a fair no-obligation offer that you can either accept or deny. If you have any questions about our company or sales process, feel free to contact us.