When trying to figure out how much your home is worth, many people tend to refer to their property tax statement, or popular websites using "AVM's" Automated Valuation Models to calculate a current market value. While these resources can give you a ballpark figure, it’s important to know they should be taken with a grain of salt. Websites like this gather their data from public sources like tax records and past sale records from the county. As I’m sure you’ve noticed, your tax value does not necessarily match the market value of your home at any given point. Automated Valuation Models are calculated by computers, and as amazing as technology is, these models don’t take into account the improvements you’ve made to your home or lack thereof. It's imperative to contact your local real estate agent to get a more accurate assessment of what your home is worth on the open market, based on recently sold comparable properties
This video simplifies things to help you remember: your aim is to get the best price AND terms in your market during the period you’re selling.
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