Why Knowing Your Home’s True Value is Crucial for Your Finances – Don’t Rely on Online Estimates!
Did You Know That Knowing Your Home’s True Value Is Super Important?
As a homeowner, you may already know that your home is one of the biggest investments you’ll ever make. But, did you know that knowing your home’s true value is super important? Understanding your home’s equity can be a financial lifesaver for a rainy day!
Let’s say you need to fix a leaky roof or remodel a bathroom, those expenses will cost you at least $30,000. By knowing your equity, you can go to your local bank and pull a home equity line to cover those costs. But, relying on algorithm-based valuations from sites like Zillow isn’t accurate or reliable. They even admit it in their fine print!
So, what should you do? The best way to get an accurate home valuation is to contact a local Realtor who can provide you with a personalized report that reflects the current market value. And, you should do this at least once a year.
An experienced Realtor will consider all the factors that go into determining your home’s value, including recent home sales in your area, your home’s condition, and any upgrades or improvements you’ve made. They’ll also take into account any unique features that your home has, like a great view or a large backyard.
Getting an accurate home valuation is crucial not only for knowing your home’s equity but also for setting a realistic asking price if you’re thinking of selling. An overpriced home can sit on the market for months, while an underpriced home can leave money on the table.
In conclusion, knowing your home’s true value is essential for any homeowner. Don’t rely on unreliable online estimates, contact a local Realtor for an accurate valuation that can save you thousands of dollars in the long run. Need a home valuation? Contact me, and I’m always here to help!