How Can I Determine the Selling Price of My Home?
When evaluating the market value of your home, it’s always best to consult with an experienced Real Estate Agent in your area. There are a number of factors that contribute to the sales price of your home (square footage, beds, baths, modern amenities, etc.).
Why Does My Home’s Assessed Value Differ Compared to the Market Value?
Assessed value is the value that a local municipality uses to calculate property taxes, while market value is the price at which the property would sell under normal market conditions. The market value is what buyers are willing to pay when putting in an offer and is based upon comparable properties within the area in a specific timeframe.
What Are Closing Costs?
Closing costs include the associated fees professionals charge for services to finalize the real estate transaction and your home loan. Some of these services include but are not limited to: origination and underwriting of a mortgage loan, real estate commissions, taxes, title filings, and insurance premiums.