House Values

If you’re buying a house, how can you ensure that your offer is in line with the house’s value? It’s easy to get caught up in the emotional excitement of shopping for a new house, but it’s important to remember that buying real estate is a major investment and may be one of the biggest purchases you make during your entire lifetime. It’s wise to exercise prudence and collect as much knowledge as possible.

Value-Based Investment
Regardless of your particular price range, you want to ensure that you are getting a good value for any property you purchase. Appraisals offer one way to ascertain specific house values. If you choose to hire a real estate agent, he or she will assist you in understanding the kinds of prices that are common in certain areas. Again, however, these factors are mainly focused around price and not value. You need to exercise your own good judgment.

Price is simply the amount of money agreed upon by a buyer and seller. Value is much more complicated, and is related to what the property is objectively worth. For example, a highly motivated seller and a savvy buyer could reach an agreed price of $200,000 for a certain house, but the value of the house could actually be more like $225,000. That information could cause stress in a transaction for someone. So, we suggest that you give yourself every advantage by obtaining the information you need.

We help you to be informed by offering our HomeSmart Value Report at the affordable price of only $24.95. This comprehensive report uses the same type of statistical analysis models used by mortgage lenders and finance companies. The information is accurate and current, and we make this available to you in a matter of moments after your completed purchase. Our goal is to assist you by providing quality information to help you make informed real estate decisions.

Updated: December 19, 2017 — 7:42 am
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