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Determining your home's value in today's market - Part 1
Talk about a tricky topic. Value is almost like a moving target in today's market. The value today may be significantly different than it was even 3 months ago. And it is anybody's guess as to whether prices have stabilized or whether they will go down further. There is even some speculation that with all the spending that the federal government is currently doing that inflation may drive prices upward some. Many of the leading indicators make it appear that prices have bottomed out at least temporarily. But since I don't have a crystal ball, I won't be one to guess if that trend will continue. Since I am not a licensed appraiser, this article will simply be based on my experiences as a licensed real estate broker including listing / selling about 70 properties and performing over 100 BPO's (broker price opinions) in Central Florida since January of 2009.
In this article I will discuss how to determine what a home's value is today. Whenever someone calls me asking me to sell their property for them, the first thing I do is start gathering information so I can try and determine the current market value that a home ... more
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