If you have made the decision to sell your house, it is important to be able to answer the question “what is the exact value of my home in Naples?” Without that information, you may be unable to determine a fair and reasonable asking price for your listing. If your price is too high, it will have home buyers moving on to the next house on the list because they will be well-aware of the approximate values of homes like yours in the area.
When it comes to the value of a home, though, there is more than one understanding of the term value. Your house could have a true worth of one number but the market value of the home may be something different. It is important that you understand the difference between these two concepts before you are able to determine the exact value of your home.
At Your Home Sold Guaranteed Realty - The Cachon Team, our experienced Naples real estate team is happy to provide you with the information you need and all the tools to use when it comes to determining your home’s worth. If you are ready to find out the exact value of my home in Naples, read on!
Why Is It Important to Know the Exact Value of My Home in Naples?
As we have said, selling a home requires you to know the value of it so that you can determine a fair and reasonable price to ask in the listing. For most homeowners, this is not a number they know off the top of their heads, and it is certainly not the price you originally paid for the house. Rather, you need to figure out an appraised value and a market value.
Appraisal Value versus Market Value
An appraisal is done by a certified real estate professional who can analyze the current market conditions as well as specific features of the home in order to determine the house’s intrinsic worth. This is the appraisal value.
Usually, the appraisal will be requested by a lending or banking institution from which a home buyer is hoping to obtain a mortgage loan. It will ensure that they do not give a loan for more than the house is worth. It is a safety net for the institution, and it is generally the responsibility of the home buyer to pay for it.
On the other hand, the market value of your home is determined by the home buyers. This may or may not be equivalent to the appraised value. The market value is whatever home buyers are willing to actually pay for your house in its current condition and with the current state of the real estate market. Your asking price will likely reflect the market value of your home rather than an appraised value.
Best Methods to Find the Exact Value of My Home in Naples
There are several ways that you can figure out the exact value of your home in Naples. These methods include:
- Online Valuation Tools: Many companies offer online valuation tools which are either free to use or require a minimal fee. These tools, however, need to be researched and used cautiously because many of them are notorious for over or undervaluing homes. Such an example is the Zillow Zestimate. At Your Home Sold Guaranteed Realty - The Cachon Team, our team offers a FREE online home valuation tool that you can feel confident using to determine the exact value of your home, as it relates to selling it in the current market.
- Professional Home Appraisal: A professional home appraiser can also be used to provide you the most well-rounded and thorough valuation of your home’s worth. It incorporates the current market as well as specific aspects of your particular home to determine a value. It will be highly accurate but will come at a price.
- Ask a Realtor: When in doubt, turning to a professional who has your best interests in mind is always a good idea. If you want to know what the exact value of my home in Naples is, our team is happy to help you find that answer using the state of the current market as well as a comparative market analysis so that you know the right asking price to list.
- Obtain real estate “comps”: These are comparable homes in your area (recently listed or sold) which generally match your house in regards to location, layout, features, and other items. These comps will show you the listing price and the home’s features compared to your own.
Whatever method you choose to utilize, it is certainly important to discover the answer to the question, “what is the exact value of my home in Naples,” before you list it for sale.
Our Realtors Will Answer the Question, What Is the Exact Value of My Home in Naples, for You
Are you ready to sell your home but have been asking, “what’s the exact value of my home in Naples”? If so, be sure you understand what the term value can mean in the real estate industry and how to ensure that you are getting exactly what your house is worth right now.
Our realtors at Your Home Sold Guaranteed Realty - The Cachon Team are experts in the real estate industry, and we understand how challenging it can be to make this kind of determination. If you want to find out more about figuring out the value of your home and how to sell it for top dollar, be sure to give us a call at (239) 399-5432 or fill out the form below with the requested information to receive a detailed response from one of our experienced real estate professionals.
We look forward to hearing from you!