If you are selling your home, or not, I bet you wonder about your home’s value today. Or yesterday. Or what will it be tomorrow?
Constant news coverage of home sales keeps this on our mind. Updates on foreclosures, people mailing their keys to the bank and those who are stuck in their home is mentioned a lot. Is it up or down today? Or you could be like those of us in my neighborhood who are constantly watching the market.
A friend recently refinanced and we have been anxiously waiting for her appraisal to come in…What is her house worth? That gives me (and everyone else wondering) an idea of their home value. Neighborhood BBQs ALWAYS have a conversation that is updating everyone on what we heard a home sale closed for in price, what is pending and what people are asking for the homes currently on the market. It can be depressing to hear that a 2700 square foot home on 10 acres is pending for $180K, but we still gossip. We share info on who has withdrawn their house from the market because they know they can’t compete in this market, considering what they owe. (that would be me!)
Why am I rambling about this? Simply put, we wouldn’t have half of this information about our neighborhood values if we didn’t have the information shared by our Realtors, Jeni and Giana. It is public information so they aren’t sharing information they shouldn’t. But that relationship is invaluable when you want to sell or buy.Â
There are people who find this information on their own. They are really interested in searching public records and have time available to do so. But, the rest of us are busy or don’t want to do the leg work so we rely on our friends at Outdoor & Resort to keep us informed. One of the Real Estate Gossipers is now looking to buy another rental property, I’m eye balling a piece of land and waiting for the right time to offer and we’ve met some wonderful families who have recently moved to the neighborhood!
Ultimately, real estate values are changing so rapidly, it is hard to base your decisions off of reports using facts and statistics from even a month ago. We have to keep in touch with informed real estate professionals who know what the market is doing daily. I wish there was an easier answer. Anyone can pay for a full appraisal but that is a pricey decision to make just to know what your home value is.
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