The Things I'll Do for Free!
Is the real estate market up or down? There is no simple answer, in fact, the answer is always "it depends". One thing is certain though, good or bad, it is turbulent.
A house is the largest asset that most families will ever own. Hence it has an enormous impact on one's net worth. For those who don't know, net worth is the number that indicates if push came to shove, how much money one could come up with regardless of the time it would take to actually get it--to liquidate it.
Having some idea what your house is worth is important for managing your expectations for an array of decisions and pitfalls that we call simply "the game of life". The value of your house comes into play when you are looking at affording a new house (obviously), considering a reverse mortgage to pay for long term care, how much you will yield from downsizing, and determining a potential capital gain*.
How do you estimate the value of your home?
The only person who can tell you the exact value of your home is a professional home appraiser. They're not free.
There is good news though. YOU can estimate the value of your house by learning about comparable sales in your neighborhood. Not only that, you can have some inkling of where the market is going. That being said, keeping up on these things is arduous to say the least, but that's where I do the heavy lifting.
It is my job to do it for you. Making calls is a large part of my job and how I get business. Referrals and memorability are my two greatest assets. In exchange, if you let me, I will give you a call every 2-4 months (your choice) and let you know about sales in the area. Just 8 minutes 3-6 times a year.
If you're interested, send me an e-mail at DonalddotPrevieatNemoves.com
*People can realize a tax free capital gain of $250,000 ($500,000 if you're married) on the sale of their home.
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