If you ever are wondering what your home is worth and you don’t have the time nor money to contact a local appraiser or agent like myself, then look at my tips for some assistance.
How are homes valued?
Homes are valued based off of RECENT CLOSED sales in the area. Do not mistake these for listings. Many times I will have someone tell me “My neighbor’s house is listed for X amount. Isn’t mine worth that then?” NO! Anyone can list their home (2 comments)
For Detached Homes : First you will need to get some tools in order to measure. You can either purchase a laser (Disto is the best brand) or a walking measuring stick. The correct way to measure is from the EXTERIOR of the home. You will start by measuring the exterior of the home covering all edges and curves until you completely go around it. After you finish, this will give you the exact dimensions of the FIRST floor. If it is 40 x 35 then your total GLA (Gross (8 comments)
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Nicholas Conteduca
Chicago's Top Real Estate Agent - Broker/Appraiser