If you are looking to buy a house, determining market value of the property may not only help you save money on the initial transaction, but can also protect your investment for years to come. Many home values have dropped substantially during the past year.
Even if you think you are getting a good deal because the asking price is below what it was this time last year, you still may be paying more than the house is worth. If you pay more than the fair market value of the property, you run the risk of being locked into a mortgage you cannot afford to get out of for years to come. Also, if you can’t sell your house for what it is worth without taking a large loss, you don’t have many options available to you should you need to relocate.
On the other hand, if you are a buyer looking to take advantage of lower home prices, it is still extremely important to get a home value estimate from a reputable source. Bidding too low on a property that is already discounted can cause you to lose the property in a competitive market. Homeowners who need to sell their homes quickly, or are facing a foreclosure situation, will often take the first reasonable offer that can be executed quickly instead of bargaining back and forth with low bidders. With RealtyTrac, getting a comparative market analysis is simple and quick. All you need to do is type in the square footage and zip code of your property, or the property you are interested in purchasing. You can then instantly view a range of home prices based on recent sales of condos, town homes and single family homes in that particular area.
For a more detailed home value estimate, we can connect you with a member of our National Agent Network who will review your detailed Home Value Report with you to determine the current market value of your home. Or, for just $19.95, RealtyTrac can deliver your Home Value Report directly to your desktop in less than 30 seconds.
With RealtyTrac’s Home Value Report, you can get an accurate home value estimate plus additional information not available with most home value estimators. While most home value estimator reports usually offer only comparable sales data, RealtyTrac’s professional report includes all the information you need to get the most accurate property price available. RealtyTrac’s Home Value Report includes such features as:
- Detailed property characteristics
- Demographics and nearby neighborhood information
- FBI crime statistics
- Public and private school data
- Mortgage records
- Active area listings and more!
When you compare our report to our leading competitors – you’ll agree that RealtyTrac offers the most complete and comprehensive home valuation tool on the market.
So if you’re one of the millions of people that are now asking, “How much is my house really worth?,” get an instant, no-obligation home value estimate from RealtyTrac today.