Time For A Home Valuation? Key Milestones To Consider

Whether you are a homeowner, potential seller, or investor, you need to know when to value your property. Knowing when to estimate the value of your home at any given point can be critical in maximizing its return. This article will provide an overview of the key factors and market conditions that can have a huge impact on the value of your property and help you know when the right time is for a home valuation. Let's dive in!

6 Signs That Indicate It's Time For A Home Valuation



1. When You're Thinking About Selling

If you're considering selling your house, it is important to understand its market value. A professional valuation can give you an accurate estimate that will give you the confidence to set the right price when listing your property.

2. When You're Looking To Refinance

A home valuation can also be helpful when refinancing a property. The lender might require an appraisal to determine if the amount you seek exceeds the assessed value of your home and to identify any repair that needs to be done before the loan is approved.

3. When Significant Life Events Occur

Major life events such as marriage, divorce, inheritance, or retirement planning can also be a factor in deciding when it is time for a property assessment. These milestones could impact your financial situation and require an evaluation of the value of your home to determine its potential earning capacity.

4. When You're Making Home Improvements

Any improvements made to your house can significantly impact its value. Completing a home valuation before and after the renovations can be beneficial in understanding how the improvement projects have affected your home's worth.

5. When You're Thinking About Investing

If you want to invest in real estate, obtaining an accurate evaluation of the potential properties you are interested in is important. A professional valuation can give you the information you need to make an informed decision.

6. When The Market Is Changing

It is also essential to be aware of the changes in the market, such as increasing or decreasing home prices, which could directly affect your property's value. Obtaining a home valuation during such periods can help you ascertain the value of your house and make informed decisions.

Get A Professional Home Valuation & Know Your Home's Value

Are you thinking about selling, refinancing, or investing in real estate? At The Sarah Phillips Group, we're real estate agents who understand that every transaction is unique and will do everything in our power to ensure a great outcome for our clients. Our team of experienced agents has more than twenty-five years of combined real estate experience and can accurately assess your property and support you throughout your real estate journey.

We understand the hassle and stress of figuring out the right time for a home valuation. That's why we aim to provide the information you need to make a smart decision. You deserve the peace of mind of knowing you're making the right move with your real estate investment. Avoid the stress and tedious process of assessing a property independently, and contact The Sarah Phillips Group today for professional guidance and support!