We all want to have a house which stands longer than we can. We all want to settle down in a house we wanted, where we can say that “this is the house I want to grow old in.” But there are instances where we realize that our first choice isn’t the right one for us. And in these cases, you then decide to sell it in order to buy another house. There could also be a scenario where you will be relocated because of your line of work. Because of these and other reasons, you need to assess the worth of your house in order for you to know how much money you will receive after all expenses.
It would be helpful for you in evaluating the value of your home in Denver if you check how much houses in the market have sold for recently. You can compare the state of your house to the other houses and see in what particular price you’re comfortable of having. But you have to be realistic in evaluating the price range of your house. Some people thinks that their house have great value but the value is based on what a willing buyer will pay at a point in time.
In doing your research, you should find Comparable Sales. Find at least 3 homes that have been sold near your area in Denver within the past 6 months or so. Depending on the area you should focus on a half mile or mile radius of your home if possible. It is important to find the recent sales, so that you can accurately compare the prices. The basis of comparison is price per square foot. Houses used for comparable sales should be within 10%, plus or minus, of the square footage of your home. You need to use homes that have already been sold instead of those still in the market, because asking prices can be very different from final sales prices. Make sure to look for homes that have the same features and amenities as yours to have an accurate assessment.
When you have calculated a price or price range of your home, you may wish to consult a professional appraiser before engaging in any kind of sales transactions.