Check Your Home Value

Want to know what your home is worth in today’s market?? You’re not alone. In fact, this is one of the most frequent questions we’re asked at RE/MAX as Villagers consider the possibility of refinancing or selling their home. Until now, there has not been a means by which a homeowner could fairly predict the current value of their home. That’s all changed, and RE/MAX is pleased to announce an exciting NEW tool allowing YOU, the homeowner, to put your appraiser hat on! More on that in a moment but first a little background on the Home Appraisal Process.

Tough real estate markets, like the one we find ourselves in now, place a spotlight on the Home Appraisal Process. In fact, these days, more often than not, appraisals can be one of the biggest roadblocks to a successful purchase – or sale- of a home. Why is that? Simply put, mortgage bankers will not approve a loan if the agreed price of the home is above the appraised valuation.

“At RE/MAX, we spend considerable time counseling with homeowners helping them establish the “correct” asking price for their home,” said Jeff Hollansworth , owner of RE/MAX. “In most cases it’s not prudent to price a home above the appraised value since the deal will likely fall apart when it comes to financing. We want the homeowner to ultimately set the price of their home, however, it’s our duty to be candid about the price in relationship to comparable properties that have recently sold or are currently listed.”

When it comes right down to it, a real estate agency’s expertise in guiding a homeowner through the pricing process is all-important. Equally important is an agency’s ability to effectively market the home to qualified buyers and SELL it. This is the experience you must look for when selecting an agency and will ultimately determine whether you get the results you deserve from the relationship.
RE/MAX has just introduced a FREE tool that should be extremely beneficial in helping to establish a ballpark value of your home: www.HSVhomeValues.com. Within moments of typing in your street address, this sophisticated on-line computer model will show you recent sales in your neighborhood and other data previously unavailable to the public. You have the option of changing valuations by using similar and comparable homes that have recently sold as well as making adjustments for your home’s location, condition and square footage. By simply changing the variables, you will see the corresponding price adjustment.

HSVhomeValues.com is simply put, a guideline for establishing value. It is based on many of the very same principles that a licensed Appraiser and Realtor will use when evaluating your home. Obviously, there are subjective measurements that may have significant impacts on valuation. Also, the accuracy of some items on the website are not guaranteed and may not be current. Nonetheless, this process will greatly enhance your understanding of how valuation is achieved and will prepare you for a meeting with an experienced Realtor. Our sincere hope is that you will allow RE/MAX an opportunity to “earn your business” as you make plans to sell or purchase property in the Village.
Please feel free to contact us with any feedback or questions at: HSVinfo@sbcglobal.net