Your home is probably the single largest purchase you’ve ever made. It’s also a huge investment! Owning real estate is one of the best ways to build and pass down wealth (so much so that we wrote a whole article about it!). You may be sitting on a pile of wealth, and you probably don’t even know it!
Many homeowners are surprised to find out what their home is worth, especially if it’s been a few years since their last appraisal. But knowing the value of your home can be a huge benefit! Here are just a few of the ways that knowing your home’s worth can help:
We are in a seller’s market
If you’ve been thinking about selling, now’s the time! The real estate market in Spokane is currently HOT. As more people relocate to Spokane from bigger cities (and with all our awesome restaurants, independent coffee shops, hiking trails, and boating spots, why wouldn’t they?), there are currently more interested buyers than homes up for grabs.
This means that many homes are going under contract in just a few days, and many for over the asking price. If you’ve been sitting around waiting for the best time to list, this is it! Finding out what your home is worth and consulting with a qualified Realtor will help you decide if selling is the right choice for you.
Downsizing, or “right-sizing,” can be a major life decision, especially if you’ve been living in your home for many years. If the kids are gone and you’ve got more home than you can handle, or you’re retired and ready to live the free life, having a solid understanding of your home’s worth can help you make these major life choices. Whether you’re looking to buy something smaller, move into an apartment, or travel the world, knowing the value of your investment is the first step!
Home valuations can help with financial decisions
Knowing the value of your home is also incredibly important when you’re making big financial decisions. Understanding your home’s valuation is the first step if you’re considering taking out a second mortgage or refinancing your home.
If you’re in the process of divorcing, you may need to decide whether your home will be sold as part of the settlement or not. Knowing what it’s worth can be a huge determining factor that can help you make these decisions with confidence.
If you were bequeathed a home in an inheritance, you may be unsure if it’s the right choice to keep the home or sell it. While homes have personal and sentimental value, you may want to factor in the actual monetary value in your decision as well. This can be especially important if the inheritance is shared between several people. An informed decision is never a bad place to start!
It’s free and easy
Finding out what your home is worth is easier than you may think! Simply head to my free home valuation tool and enter your address HERE. In just a few moments, totally free of charge, you’ll get an estimation of your home’s value. It’s as simple as that!
Pair this estimate with a free consultation with one of the agents on the Real Estate Agent Spokane team to make the best, most informed decision possible. Have questions? Leave us a comment below or reach out to us directly!
Buying and Selling a Home in Spokane
Carrie Meyer, leader of the Real Estate Agent Spokane Team, transferred to real estate after a 30+ year career as a paralegal (Certified Legal Assistant). Her combined experience in law and real estate makes her a tour de force in contracts and negotiations.
The Real Estate Agent Spokane Team is dedicated to sharing and promoting everything great about Spokane! We believe that Spokane is the best city in America, and there are so many reasons why. That’s why we dedicate our blog, Facebook, and YouTube channel to highlighting the best that Spokane has to offer. Be sure to subscribe to our newsletter for more insider updates on events, dining and nightlife, and outdoor activities in Spokane!
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