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how much is my home worth?

  • February 20 2011 - Denver
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Answers (1)

The best way to determine what it is worth is to examine what similar homes have actually sold for in the past 6-9 months.  This will give you a good idea of what is selling in your area and the trend over time.
While you can price your home however you would like, the true value of home is in what people will actually pay.  This may not cover what you currently owe for your mortgage.  This is part of the reason why there have been so many short sales on the market in the past couple of years.  When the market was really booming, people bought, or refinanced, at the high prices.  When the market tumbled down, they had a mortgage to pay that they couldn't recover when they sold with the current market conditions.  Some people have been able to stick it out and wait for the market to come back.  Others have had to move for various reasons and couldn't bring money to make up the difference- hence the "short" sale.
I would contact a licensed REALTOR to help you determine the sales prices in your area.  Most agents would be happy to help you determine this free of charge.
  • February 20 2011
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