"What Is My Home Worth", you may have asked yourself several times over the coarse of the last few years. In this economy of foreclosures, short sales and falling prices its a question that many homeowners are asking themselves all over the country.
But before we can answer that question, we first have to understand who determines how much a home is worth. Is it you, the homeowner? The bank that holds the
mortgage? The tax assessor? The answer is "no" to all the questions.
The truth is, it's the home buyers who determine house values when they open their wallets (or utilitze their credit in most cases) and make a purchase. What a buyer is willing to pay for your house at that very moment in time you have it on the market is what its worth. Not what it was worth five years ago when the economy was booming, not one year ago, or not even six months ago when property values are falling. What a neighbor got for his home doesn't always determine what your home is worth and often times the improvements you've made have no bearing either.
Yes, the value of your home is based on what buyers are willing to pay for it, and we can discover what that is by looking at "the comps" or the comparables. Comparables are properties like yours, same number of bedrooms, same construction, same general location and so one, that have sold within the last three months (or longer if nothing similar to your property has sold recently).
So if you want to know what your Brooklyn, New York house, co-op or condo is worth I want to help. I will use my years of experience and resources to help answer that question, and I'll do it FREE OF CHARGE. Simply give me a call today or email me by click here.
I look forward to assisting you.
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Elaine Cooper, Realtor®
Fillmore Real Estate
917-544-2662
elainecooper(at)fillmore(dot)com
Your Brooklyn, New York Real Estate Salesperson Specializing in Multi-Family Townhomes, Condos and Coops.
Click here -->Sell A Home Brooklyn.com for more information about Buying or Selling in Brooklyn, New York.
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