What is my home worth?
This question is asked all the time. Homes often represent the largest investment that people make. When real estate prices were rising year after year, people felt good. However, the collapse of the housing market has changed the landscape for everyone.
So, that condo on the beach, villa at your gated community, or your home at the country club, what is it worth?
The easy answer is that the value is what a willing buyer will pay. Home owners naturally value their homes high, and buyers do the opposite and aim low. The value is somewhere in between.
Homeowners are almost always aware of what the price of the home or condo nearby was sold.
The tough question for any homeowner is the following - If your house were offered at the price that you think it is worth, would you buy it at that price?
If you are not selling your home, the exercise means little. If you are selling your home, it is probably the most important issue.
Interested in buying or selling, visit FloridaLuxury-Homes.com.
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