If you live in Portage WI and you are thinking of selling your residential home or property in the near future, one of the most important first steps is getting an accurate real estate value estimate to provide you with an idea of what your home might sell for in the current market.
Real estate prices can fluctuate as the market climbs and dips over time. When you start to think about contacting a Portage, WI realtor to inquire about placing your home on the market you should always ask about a value estimate.
Whether you owe money on the home or it is paid for, a home value estimate is important. Knowing how much money an accepted offer could bring to the table is key in calculating other costs such as realtor commission, closing costs and more.
The home value estimate will also give you an idea of how much cash you will have available to put down on a new home be it in Portage, Columbia County, or anywhere else in Wisconsin or any other state for that matter. Columbia county WI realtor Mike W can provide you with Free value estimates throughout the Portage area.
A good home value estimate usually entails first looking at the size and condition of the home, it’s age, location and what the purchase price was and on what date. Comparable properties or “comps” as relators refer to them as are then pulled from the MLS system to use as a basis for your home valuation. In general, the more comparable properties there are in the vicinity of your home that sold recently or are currently on the market, the better the accuracy of the home value estimate.
Placing your home on the market without first getting a value estimate can be foolish. For one, you risk under estimating what your home is worth, listing it for too low of a price and ending up with less cash in your pocket when the home is sold. Or on the other end of the spectrum you could list the home at a price point that is much too high, causing it to stay on the market for a long time and stagnate.
So, number one on your to do list after deciding to sell your home in Portage, Wisconsin should be “Home Value Estimate!”