When you’re trying to sell a house, one of the most important things to know is how much your home is worth. Trying to price a house, though, is hard, and not everyone knows where to start. At some point, most people find themselves asking “How much is my house worth now?” Here are the top ways to figure out how much your home is worth, and what price you should list it at when you begin the selling process.

Talking To an Estate Agent

Estate agents are some of the best in the business and know exactly how to sell a home. They’re literally paid to know how to do this, after all, and that means that they always know the ins and outs of the market. However, you have to be careful when you work with a realtor, for one specific reason. Estate agents are paid on commission, which means that when your house sells, they get a chunk of the profits. This isn’t ideal even in general situations, but what’s worse is that they’ll specifically overprice your home so that they can get paid more. While that might just sound like a minor nuisance, it gets worse- if your home is overpriced, it takes longer to sell, and you might have to lower the price by a large amount in order to actually get rid of your home. This is, obviously, not ideal, and probably not something that you want to have to do. So don’t rely on realtors for your baseline house price; instead, use them as a tool while you move forwards.

Looking At Homes Like Your Own

The market is actually one of the best predictors of how your house is going to sell, and how much it might be worth. Look at other homes in your area to help you gauge how much your own home is worth, and see if you have any perks that make homes sell for more. For example, if your house is larger than many of your neighbours’, that might mean that it’s worth more money, and if you have more or different amenities than them, that may also signify that your home is worth a significant amount more than the rest of your neighbourhood. If you don’t live near any homes like your own, consider expanding your search to look for houses that aren’t near you, but are in a similar situation as your own. Looking at the market can always help you figure out what price your home should sell for, and it helps to see what homes like your own make on the market.

Knowing The Best Way To Sell Your Home

There are many different ways to sell your home, and some might be better than others. If you sell with a realtor, like discussed before, you’re going to make quite a bit of money on the market- but you also have to pay for a realtor, a home listing with various services, professional staging and photography, and even possible repair and renovation costs. This isn’t the best choice for home-sellers who are struggling under a mortgage they can’t pay, and if that’s your situation, you should consider a short sale. A short sale is where you sell a home for less money than you owe on your mortgage, in order to find a new place to live that is, ideally, less expensive. This has to be agreed upon with your lender, though, which makes your access to this method unreliable. If you’re looking to just get rid of a property with no mortgage problems, but might have some bigger repair issues, it might be in your favour to look for a cash buyer, because they don’t need a mortgage lender to sign off on their purchases and they’ll buy your home in as-is condition. However, cash buyers typically pay much less than you’d make when you work with a realtor, which might be a deterrent for some sellers.

How Much Is My House Worth Now?

There are lots of ways to find out how much your home is worth, and none of them is very difficult. From talking to realtors to finding the best way to sell, it’s simple to discover the perfect price for your home.