There’s a lot of talk these days about home values in the United States. Are
residential home values falling? If so, how fast are they falling? Are home
prices actually rising in some regions? Every month the government issues
new home sales figures as well as the sales statistics on existing homes. It
can get pretty confusing trying to tell which way the market is moving, let
alone where your own home fits into the valuation equation.
It wasn’t that long ago when a homeowner could bring up one of many online
home valuation Websites and get a decent idea of where he or she stood with
regard to the value of his own property. But these days, with home values
fluctuating so dramatically it’s difficult to tell who has legitimate
Online Home Valuation Sources
Homeowners can depend on Home-Values.com for a free analysis of a home
virtually anywhere in America. Home-Values.com agents, not only offers
information on the value of any home in the United States, but they also
provide valuable information on current real estate market trends,
mortgages, short sales, foreclosures and more. Without a doubt
Home-Values.com is a great for getting a free comparative market analysis on
your homes value.
Online valuation of homes is determined by the agent’s ability to access
real estate sales information locally for you. Countless sales figures are
taken from your local neighborhood and other municipalities to make sure you
are given an accurate valuation for your home in a timely fashion.
If you’ve been watching home prices fall over the last two or three years
you might be holding your breath wondering when things might stabilize.
Perhaps you’d be better off not knowing the actual value of your home,
especially if you reside in one of the hardest hit markets such as
California, Arizona or Florida. However, if you want the most accurate and
up-to-date information it’s probably not any farther away than your
Real Estate Professionals
Active real estate agents have their fingers on the pulse of their markets
like no other individuals. Show me an agent out there hustling and I’ll show
you someone who could probably give you an unofficial estimate of the value
of your home inside a couple of minutes.
I say an unofficial estimate because a true real estate pro wouldn’t commit
to offering an opinion on the value of your house without first looking at
applicable comps. The term “comps” is short for comparable sales and
incorporates sales figures for similar homes that have actually sold within
your marketplace. Good Realtors live and breath this information as it is
often essential to their business.
So, if you’re wondering how much value you have in your
home in this market you might want to stop by one of the sites mentioned
above and check it out. But if you’re looking for an accurate estimate as to
your home’s value, be sure to consult with a real estate professional.