How To Estimate Your Home's Value

Whether you are looking to sell your house or have no near future plans to sell it, every home owner should know how much their home is worth. Understanding and figuring out your home's market value is crucial in the buying and selling process. The process of selling your house becomes much less stressful when you settle on a fair and appropriate asking price. You can leave it to the Orange County real estate experts at Balboa Realty to figure this all out for you.

Are you interested in selling your house? Call Balboa Realty today: 949-386-8310 

This number isn't just magically pulled out of thin air, but there are many factors that go into the decision making process. In order to make sure you come up with an accurate market value of your house, calling in the real estate experts at Balboa Realty is always a good idea. Our Balboa Realty team knows the ins and outs of the ever changing Orange County real estate market. Our agents specialize in all things real estate and can clearly answer the important question of "How much is my house worth?"

Our Balboa Realty agents will start by looking at properties that are comparable to yours and see what they have sold for in the past 3 months. Then, the average price is calculated of those similar sold properties to find the baseline price of your house. This is a great starting place to get a general idea of your market value.

The next step involves comparing your property to other similar properties in your town and neighborhood. Looking at what other houses sold for on your street is a great way to get a ballpark idea. If you think your property is worth more than the house down the street you'll need to know exactly what makes it worth more and be able to clearly explain why to prospective buyers. 

Are you interested in selling your house? Call Balboa Realty today: 949-386-8310   

Although the goal for many sellers is to get as much money as possible for their house, giving your house an accurate price is essential. If the asking price is way out of league of what it's actually worth, it will most likely sit on the market costing you money and creating a bad listing reputation. If your asking price is much lower than it's market value this doesn't always create a bidding war and you might be stuck with this low price. The biggest take away from this is setting your home for it's true market value is key.

Published on Tuesday, July 25, 2017