The Top Signs You Need to File for Bankruptcy

772,646 bankruptcy filings were made for both personal and business cases as of March 2019. Bankruptcy rates in America have been falling from their high peak following the 2008 financial crash. For example, the U. S. Court System Administration Office registered 936,795 bankruptcy filings in 2014 which is a marked reduction to those in 2019. When your best-laid […]772,646 bankruptcy filings were made for both personal and business cases as of March 2019. Bankruptcy rates in America have been falling from their high peak following the 2008 financial crash. For example, the U. S. Court System Administration Office...

Ready to Move On?: The Top Tips for Selling Your Home After a Divorce

Are you getting a divorce and are wondering how to go about disposing of your home? Divorce proceedings are stressful and mentally exhausting, and the last thing you need is to think about property disposal. However, for you to secure your interests and financial future, you need to figure out how to sell the house […]Are you getting a divorce and are wondering how to go about disposing of your home? Divorce proceedings are stressful and mentally exhausting, and the last thing you need is to think about property disposal. However, for you to secure your interests and financial...

Going Into Foreclosure: Understanding the Pros and Cons

No homeowner imagines on the day of signing for their new home that they could one day be facing foreclosure. It is one of the most stressful situations you can go through in your life. Studies show that home foreclosure has adverse effects on both the physical as well as mental health of an individual. In the […]No homeowner imagines on the day of signing for their new home that they could one day be facing foreclosure. It is one of the most stressful situations you can go through in your life. Studies show that home foreclosure has adverse effects on both the physical as...

Colorado Springs Real Estate: Your Complete Forecast for 2019

In 2018, the real estate industry generated $200 billion in revenue. Needless to say, buying and selling homes is still incredibly lucrative. But those are the statistics for 2018, and it’s for the entire country. So what about 2019, and more specifically, Colorado Springs? It’s ranked as one of the best places to live, but are people […]In 2018, the real estate industry generated $200 billion in revenue. Needless to say, buying and selling homes is still incredibly lucrative. But those are the statistics for 2018, and it’s for the entire country. So what about 2019, and more specifically,...

4 Ways To Determine The True Value Of Your Home In Charleston

Value Of Your Home inDo you know how to determine the true value of your home in Charleston? Whether you are selling your house or not, its a good idea to keep tabs on the value of your home. We can help! Learn how to do it in our latest post!

Many sellers think they know what their house is worth but in many cases, their numbers can be off. It is never as simple as relying on Zillow or your property appraiser to tell you how much to sell your house for. Before you decide whether to sell your house directly or hire an agent, you’ll want to determine on your own what you believe it to be worth. There are a few things you can do to get an accurate value of your house in Charleston.

Run A CMA

A Competitive Market Analysis or CMA, are often prepared by real estate agents, however, it isn’t anything you can’t do on your own. A CMA will take information from recently sold properties in your area, and provide you with an estimate on what your house will currently sell for. The information can be found on any site that shares MLS data such as Zillow or Trulia. You should look at at least three similar properties, comparing them to yours, and adding and subtracting for things like the number of rooms, lot size, and square footage. Average out the sale prices to determine a good base point for the value of your house in Charleston. Many agents will provide you with a CMA free of charge. Just make sure there isn’t a catch, obligating you into a listing you don’t really want or need.

Online Calculators

There are many great tools out there that will help you determine the value of your home. These calculators can only work based on the information you provide, so make sure your facts are accurate. Some of the sites you can use include Chase, Zillow, Redfin, HomeGain, Remax, and Realtor.com. Make sure to look at a few of these sites, so you can compare the numbers and determine an average. No site is completely fool-proof, and your value might vary a bit from site to site. The calculators may tell you one thing, but at the end of the day it really comes down to supply and demand.

Hire An Appraiser

When you are still questioning the value of your property, hiring an appraiser can give you the professional opinion you need. An appraisal can be performed for just a few hundred dollars and will give you valuable insight into the value of your home. Before choosing an appraiser for your property, take some time to do some research. What are their experience levels and specialities Many sellers will schedule appraisals and inspections before putting their homes on the Charleston. This will help them know what their property is worth and what challenges they might run into once a buyer is found. A professional appraisal can also help if you are challenging the about you are being assessed for property taxes. Many times people will feel as if they are being charged too much for their Charleston property taxes. Having an appraisal done by a licensed Charleston area appraiser will help you effectively challenge your local property appraiser if needed.

Watch The Market

Property values fluctuate. You can ofter discover trends when you study home values over time. Your property may be worth more in the summer than it is in the winter, or vice versa. While this isn’t true for every property, some property values will fluctuate based on the season, demand, and availability. As a homeowner, it’s important to always keep your eye on the market. This will help you sell at the time of year that will be the most profitable for you so you can sell your house for as much as possible.

What To Watch Out For…

Keep in mind that it is not unheard of for an agent to inflate the asking price in order to get a signed agreement. By knowing the value before going into a sale, you will have the upper hand and will ultimately be able to receive the best outcome when selling your Charleston house.

Don’t forget about the land your property is sitting on. Some locations are more valuable than others. While double and triple lots will be worth much more. Make sure the land is buildable and doesn’t have any problems that can lower the value of your property.

If you opt to have an agent create a CMA for you, make sure all of the data provided is correct. You’ll want to check everything out for yourself to ensure accuracy in your valuation.

Let us help you determine the true value of your home in Charleston! Contact us today for more information! (843) 881-7171

The post 4 Ways To Determine The True Value Of Your Home In Charleston appeared first on We Buy Charleston SC Houses.

Do you know how to determine the true value of your home in Charleston? Whether you are selling your house or not, its a good idea to keep tabs on the value of your home. We can help! Learn how to do it in our latest post! Many sellers think they know what their house...