If you have invested in real estate, congratulations – you’ve made one of the best possible investments to secure your future. One of the natural questions for any investor would be about the value of the property they own and also about how that valuation has risen over time. The whole idea behind real estate investments is that the value appreciates over time and helps you create wealth. This not only secures your financial future but even that of your kids. There are several ways to find out about the value of your property…
The first inkling about the value of your property may come in the form of feelers that you may receive from local brokers and realtors. You may receive emails or messages asking whether you want to sell, possibly with offers from potential buyers. This tells you that your property is valuable and desirable. You may not want to sell just yet, but it is certainly useful to know the demand-supply situation in the market.
If you want an exact value of your property, you can always hire an assessor for the job. These are people trained in making valuations based on square footage, the number of bedrooms and bathrooms, the amenities of the home, and the area/location. For those looking to refinance, this is a necessary requirement in any case. Banks and financial institutions will ask for a proper assessment of a property to secure their lending.
Going online for valuation can also be a good idea. There are many very competent services out there, and while you may not get an exact valuation, you can get a good, reasonably accurate ballpark figure. One of the services I have found to be useful for this is Zillow. According to the Washington Post, this real estate marketplace company has a database of over 110 million American homes. The service has a very low error rate when it comes to valuations. They include off-market homes, which makes this an even more interesting proposition. The company offers to value a home and also offers aerial views, comparable prices in the area, etc.
Valuation services offered by companies such as Zillow is one of the topics that we are going to be discussing in our upcoming online real estate seminar. We will also be looking at other useful topics for investors such as property insurance, asset protection, and so on. Additionally, we’re going to be talking about filling out college applications such that you can secure more aid than you thought possible. You can register for our event for free. Check out the Events page to make sure you don’t miss out.