Here’s why you should know the value of your home in today’s market.
65% of homeowners don’t know how much their house is worth. Does that include you?
Tyler recently received a mailer at a small investment property he owns from a company saying they’d buy your house with cash, and the amount they offered was ridiculously high. He wondered if it was real, so he did some research, and found out it was real. In fact, he could have gotten $10,000 more if he sold the house on the open market right now! This got us thinking about whether people truly know their current home values.
“65% of homeowners don’t know how much their house is worth.”
The real estate market is moving very quickly; what you could have gotten for your property four weeks ago has changed. In some neighborhoods, homes are selling for 16% to 20% over list price. The neighborhood Tyler’s investment property is in has appreciated by 20%.
If you’re curious about what your home is worth these days, please give us a call. You may be shocked and think about what you might want to do with that money, or maybe you’ll just decide, “Cool, I’ll stay in this great neighborhood.” Don’t be part of that 65%!
If you have any other questions about home values or real estate in general, call or email us. We would love to be your real estate resource.