Many factors impact the calculation of a home value. The amount of land that comes with a home and its location are two important issues to consider. The home values of comparable properties also affect the home value calculation. Look here for more information about how to calculate your home value and how to improve its worth. There are websites that can assist you in determining the values of homes in your area and real estate agents can also come up with an estimated value for your home.
State Of The Nation’s Housing
According to a newly-released report, housing prices are going up, as are the numbers of homeowners. The supply of new housing, for purchase and for lease, isn't keeping up with demand. In the past few weeks, many economists have said they can't believe how fast the demand for housing is growing.
Buyers Not Comfortable With Higher Counter Offer
A couple places a bid on a new home and the owner counter offers. They now are having second thoughts about the true value of the property. Ilyce gives real estate buyers some tips for buying in a down economy.
Find Home Market Value With Real Estate Agent
When you're selling your home, what's a good way to find out the home's market value? You can hire an appraiser to determine your home's market value but it may be better to work with real estate agents. You can ask three real estate agents to come through your home and do a comparative market analysis (CMA) which is used to determine your home's market value for sale.
Buying A Home When Real Estate Market Is Pricey
What can you do if you can't afford to buy in a pricey real estate market? Should you wait for a downturn to buy a home? When you're buying a home in an expensive or inflated real estate market you may need to adjust your home-buying expectations.
Home Renovation: By Refinancing Or Home Equity Loan
What is the best way to pay for a home renovation project which includes updating the windows and kitchen in your home? Ilyce suggests a "cash-out" refinance or a home equity loan.
Real Estate Market Values Stay High In Some Areas
As you look to buy a home you may notice real estate market forces at work. Real estate market prices may be high in popular metropolitan areas in part because more first time home buyers are entering the market. Learn about what could cause real estate market values to fall, including a loss of jobs.
Preserve Your Home Value With Maintenance
By failing to properly take care of your home, you could be setting yourself up for some expensive repairs. If you do regular, ongoing maintenance in your home, the costs are relatively minor. However, regular and ongoing maintenance also means tackling larger jobs from time to time.
Homeownership Booming With Low Interest Rates
Odds and ends from real estate news around the country. Home values continue to rise as interest rates for 30-year mortgage rates hit historically low levels. The strong economy and low unemployment rate are helping more and more people around the country become first time home buyers. Also, a $30,000 lawn mower that will cut your grass with a laser.