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How to Establish the True Value of Your Home

In Southern Utah, the temperatures are increasing and so is the real estate market! Are you planning on putting your house up for sale this summer? If so, it is important to get a good estimate of what your home is currently worth. If you are using a realtor, he or she will most likely offer a professional opinion on your property value. However, it is still helpful for you to do a little digging yourself to have a true understanding of the real estate market in your particular area.

Check Out The Comps

One of the first steps you should take when selling your home is looking at what other houses in your area have sold for. By doing this, it gives you a rough estimate of what price range your home is worth. But, always keep into consideration that some houses have special features that can impact the value as well. For example, having a swimming pool, new hard wood floors, or granite countertops, etc. can increase the value of your home. It is always important to check out the comps because it will show you the going rate of houses around you.


Figure Out What Makes Your Property Special 

Did you recently renovate the kitchen or install energy-efficient windows? Did you remove all of the dated flooring and install hardwood floors throughout the house? Do you have a larger backyard than other houses in your neighborhood? Any detail like these can help increase the value of your home. If these updates do not increase the actual value of your home, they will at least make it easier for you to sell your property quicker.


Establish Your Goals For Selling Your Home

After determining what value your home is worth, it is now ready to be put on the market. If you already have an offer accepted on a new home or are moving to a new area, you may need to sell your house very quickly. If this is the case, you need to price it to sell. Pricing your house on the lower end will help bring in offers from buyers who are looking to score a deal. If you are in no rush to leave, then it may make more sense to price your home a little higher. It may take longer to get it under contract, but you can come out of the deal with some extra money in your pocket. After all, the true value of your home is what someone else is willing to pay for it.


Contact Us

Want more information about getting the value of your home? Contact Us; We want to help you fulfill your selling and buying goals and would love to be a part of your journey.


The Diamond Group

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(435) 261-2497

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