Discovering the Worth of Your Home | Understanding The Estimate Process

You’re curious about how much your home is worth and what the listing price would be if it were placed on the market. Before you can even come up with an estimate, you have to become familiar with the process one takes in the determination of your home’s worth. The component that comes into play is your familiarity with what “home market value” really means. Home market value refers to the amount that buyers are willing to pay for your home. As a homeowner, it’s tough to view your home in the eyes of home-buyers, but it is important to be real and open about what your home says.

The taste you have in your home can very well differ from the taste of home-seekers that are looking into your property. To be able to understand home market value, it is vital to keep in mind that a serious buyer will take note of every detail of your home. The Lozano Real Estate Group is willing to help you set a listing price in the event that you might want to sell your home.

Factors of Determining Home Value

Now that you understand what “home market value” is and how it’s determined, it is important for you to be aware of the factors that indicate the price of your home. Some of the obvious factors are location, the type of home, how old it is, the square footage, and the number of rooms and bathrooms. Believe it or not, these are not the only factors that indicate a home’s worth. Safety, curb appeal, and proximity to schools and city sites are paramount considerations that run through a home buyer’s mind- and it makes perfect sense.

No one wants to live in a neighborhood where you’re afraid to walk outside and check your mail. Life-threatening situations should be the least of an interested home buyer’s worries. Curb appeal refers to how enticing your home looks at first glance. If your home has grown to be an eyesore, chances are that people will not be as interested. Most home-buyers have families and want to reside in an established community with services nearby. A working couple with children will ideally look for a home that requires only a small commute to be able to get their children to and from school, as they still have to transport to work as well.

There is also the option of being able to increase home value on your own. Some ways in which this can be done is through cleaning your home (inside and out), making it low-maintenance and more efficient, and adding updates and technological renovations. Despite the fact that some of these factors are out of your control or a bit pricey to alter, Lozano Real Estate agents are gifted with the expertise of analyzing a listing number desirable for you and home-buyers.

Confiding in the Lozano Real Estate Group, Made Easy

Our group of agents is highly qualified in not only the process of selling a home but helping you come up with a fair price in which your home will be listed. You don’t want to place your trust in the hands of real estate agents that are only capable of selling your home for a low rate. Our agents at The Lozano Real Estate Group never settle for less; we have the skills to educate home-buyers as to how our estimates are comprised and how their decision to invest in your home is a smart and worthy option.

Lozano Real Estate agents are well-acknowledged in effectively negotiating, capable of making home-buyers take a second glance at the listings and prices we have to offer- including your home. Contact our team today if you find yourself interested in selling your home at a price that both you and potential home-buyers can benefit from.