How Do I Know What My House Is Worth?

Outside of contacting a “We buy houses NJ” company to get an offer for your property, knowing how much your worth is on the market right now won’t be easy. However, one thing that we can be sure of is that your property most likely will be worth significantly more than when you purchased it many years ago.

If you’re planning on selling your home and want to get the best deal possible, you shouldn’t settle on the price from the offer that you get from a “We buy houses NJ” company

Instead, what you should do is to do your research.

Check Your Property Value Assessment
What the property value assessment is the value of your home as determined by your local government following the annual inspection.

While the inspection is done for tax purposes, you can still use the property value assessment to check out how much your home is valued. Also, if you’re worried that your home is not being valued properly by the inspector, you should consider thinking otherwise. This is because these inspections are rather extensive. Not to mention, the local government has an incentive to do it well because the value is used to determine how much tax they should lavy against your home.

What Is a Fair Market Value? How Do You Determine It?
Your home’s property value assessment might be nowhere near the figure that you prefer.

If that’s the case, then you’ll want to work with a real estate agent to determine the fair market value of your home.

The fair market value is not as objective as compared to the property value assessment done by the inspector. As opposed to being based on numerous logical factors, the fair market value is affected by emotions and sentiment.

This means that someone might be willing to pay more for your house than what its property value assessment says it’s worth just because they really love the location. On the other hand, someone else might not feel your home as much and might not be willing to match the property value assessment offer, if they’d even give an offer at all.

In any case, by working with a real estate agent, you should get a proper fair market value that reflects the current and potential value of your home.

A great way to make your home sell for more is to look at other positives that a proper value assessment might not consider.

A good example is how close your property is to elementary and middle schools, as well as a mere stone’s throw away from the bus stop of a well-known high school. Or, another thing worth factoring into the fair market value of your home is if it has the latest security technology installed, or has additional security measures such as a gate at the front and at the back.

Small touches such as a well-maintained lawn and a fresh coat of paint, or even a flower-filled garden, can all help increase the fair market value of your home and make it appeal better to interested buyers.

Sell Your Home to a We Buy Houses NJ Company Today
Getting a fair price for your home on the market isn’t easy. It’s possible, but you’ll have to do a lot of work. Not to mention, there are numerous costs involved, including the maintenance and repairs of your home to attract potential buyers, as well as the fees involved in closing the deal and the percentage-based fee of the real estate agent.

What we’re trying to say here is that you might not get as much money as you’d expect after selling your home.

On the other hand, working with a “We buy houses NJ” company means that everything is transparent. You get an offer, you close the deal, and you get the money. The best part? Your house is sold as-is with minimal hassle and costs on your part.

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