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Question: How do I know what my home is worth?

Video Transcript For: How do I know what my home is worth?

Questions about buying and selling your home?

Ask Tomie Raines!

Ever wondered what your home is worth?

Ask Tomie Raines!

Navigating the world of real estate can be confusing: Tomie Raines answers everyday questions on Ask Tomie Raines dot com.

The only things that will determine what your home is worth is what an able buyer is willing to pay, and what a professional appraiser says it is worth.

Your mortgage balance, what you paid, the cost of new construction, what you would like to sell for, or what any non-professional like your Aunt Edna thinks does not matter in the slightest in determining your home’s value.

The first step is consulting with a professional Realtor with a reputable local firm who can do a thorough analysis of comparable properties that have sold recently, and what is currently listed.

The next step is to listen to the agent and to set a realistic list price at the outset.

This is essential to maximizing the eventual sales price of your home.