Determining the market value of your home involves considering various factors. These include the property's condition, square footage, location, amenities, and recent comparable property sales in the area. To gain a quick overview of your home's current value, you can utilize a free online value estimator tool by entering your address.
Alternatively, you can refer to your recent property tax bill to find your home's tax-assessed value, which represents a percentage of its fair market value. By knowing your state's assessment rate, typically ranging from 80 to 90 percent, you can estimate the fair market value by dividing your tax-assessed value by that assessment rate.
While these methods provide initial estimates, it's important to note that a professional evaluation by an experienced real estate agent can offer a more accurate and comprehensive understanding of your home's market value. At Hare & Associates, our team of experts specializes in evaluating properties and staying updated with local market trends. We provide personalized assessments that take into account the unique features and nuances of your home and its surrounding area.