The housing market is going to be in full swing again with the flowering of Spring. Now might be the best time to sell your house if you’re looking to downsize, need space to expand, or you’re ready to find your dream home. One of the most important things to find out when you decide the sale price for your home is how much your home is really worth. There are a few ways to answer that question, and how serious you are about selling your home can decide the best answer.
Here are some ways to figure out your home’s worth.
Ask a Real Estate Agent – This is our advice, as well as the more traditional route to assess the value of your house. A good agent would have the pulse of a professional on the market in which your home is situated and the current sales prices of comparable homes. They should be able to give you a reasonably tight estimate with a walk-through of your home and a few data points. Again, your home could sell for above its average value or below, depending on the market, but working with a good agent would ensure that your list price vs. sale price would not be too far off the mark.
Get an Assessment – Although this is possibly the most expensive choice, it can be useful. Typically, during the home buying process, a buyer pays for the valuation, but if you want to purchase it yourself, it will give you the clearest image of the value a bank will put on your home before you decide your sale price.
Online Searching – While not the most precise way to assess the value of your home, it is a way to give you a fair figure to think in the ballpark. When you are just starting to think about selling your house, this is an appropriate option.
Finally, you have found out what your home is worth! And now what? Well, whether it’s worth what you’ve been waiting for or more, you’re pretty set. List it and sell it! However, if the value is not what you expected, there are ways to raise the value of your house, such as projects for home renovation. These projects can vary from high levels of effort and investment, such as a new roof or siding, to low levels of effort and investment, such as some fast curb appeal. This can come as a surprise, but some of the smaller projects will go a long way towards raising the value of your house. Your real estate agent would be a good sounding board on what ventures will make your home competitive on the market to others. And the value of your home will go up by making your house more move-in ready with the completion of these renovations, normally more than the sum put in for the project.
You will need to keep in touch with your underwriter once you have submitted your application forms. If you need to have additional financial statements for him, this will help. Make sure you understand these conditions and speak with your loan officer about it.
The application process is very involved, and you might end up making loads of mistakes if you try to go it alone. To assist you with the VA loan application process, it is good to seek the assistance of an expert loan officer.