| Knowing
the value of your home is important for many reasons.
The value effects your net worth, the rate at which you
pay taxes, the point at which you can stop paying PMI
(private mortgage insurance on your loan) and/or the
amount of equity you receive when you go to sell.
The value of your home is
determined by what appraisers call "The Market
Approach". Using the market approach your home is
compared to others like it that have sold within the
past 6 months or less. Of course every home is
different in various ways, however by using basic facts
about your home, a range of value can be determined.
Just remember, values change with the market. The value
of your home is directly related to the value that homes
are selling for in your neighborhood.
The value may or may not be
influenced by the amount of improvements you have made
to your home. This fact is important to remember when
making capital improvements. Sometimes improvements
are for your enjoyment only and will not
add value to your home.
If you would like to know the
value of your home, fill out the form below:
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