How much is my house worth?
First of all it is needed to shatter a few commonly held misconceptions and highlight that how much your house is worth has nothing to do with:
1. How much you paid for your house.
2. How much money you’ve spent on your house.
3. How much you’d like to sell your house for.
Instead you need to focus on this one truth: your house is worth what a buyer is prepared to pay for it (just so long as your buyer’s mortgage lender agrees). In turn, 3 things decide what a buyer is prepared to pay for your house:
1. What similar properties to yours recently sold for?
2. What price similar properties to yours are currently being advertised for sale at?
3. The current state of the property market.
No matter what anyone tells you, the truth is, until your house is sold nobody can guarantee what price your house will sell for. Go over the Internet, get free instant home values and see comparable home valuations for millions of houses. No personal information is required and no one will contact you.
However you decide to sell your home, you can get the property valued without obligation by local estate agents. It is best to get three valuations for a balanced view. If you do want to sell through an estate agent, it may not always be best to choose the one that gave the highest valuation. You should get to know the local property market and sales prices before you make your choice. This will give you a realistic idea of how much your property could be sold for and avoid any long delays before your home is sold.
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