How To Find The Value Of Your Real Estate (in Ten Minutes)

By: Tuks Engineer

We've all heard it a million times before - "your property is only worth what someone is willing to PAY for it". And it's very true. But how can you determine what that dollar value is, quickly and for free? This article looks at some simple strategies you can employ in order to find an accurate valuation of your home or property.

** First - What Have Similar Properties In Your Area Sold For? And When?

It's plain common sense. To discover what prices your real estate may fetch now, you should look at what transactions have already taken place in your area. A few years ago a string of three properties along the same street were being offered for sale in my location - guess what? They all sold for about the same price (a 5% difference between the most expensive & cheapest) within a five month period.

Fact - what similar properties have sold for will give you a HUGE clue as to what you can expect for your property. It's a highly powerful indicator because it's factual. Someone has actually paid that amount for another similar property near yours - and no amount of guesswork, estimates or evaluations can give you a better clue as to how much your own property is worth.

Remember though that even similar properties may fetch different prices based on small differences. A house that has better internal d

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