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Home Value Protection: The Not So Secret Service
Your house is an investment and the increase of your home value over the years is your return on your investment. Like playing the stock market, you don't want your home value (or stocks) to drop, or else you lose money in the long run. On the other hand, if you bought your home for $200,000 three years ago and find out your home value has already soared to over $300,000, then cha-ching, you've got a cash cow on your hands.
Home Value Trends in Oklahoma
Even halfway into 2007, some media and real estate experts are still discussing how we're in a crashing market with slow sales and low home value averages. Do me a favor and don't believe the hype. Overall, the real estate market in the U.S. is fairly balanced, having leveled out from the several-year boom experienced earlier in the decade. Knowing how real estate is doing nationwide, or what the national median home value is won't really help you anyway when you're thinking of buying or selling or relocating to a new home. (Though if you're curious, the national median home value in 2006 was $221,900).
For Sale By Owner: Get Your Home Value Right
If you've decided to sell your home but don't want to pay a real estate professional the money to facilitate the sale, you will most likely end up doing a 'For Sale By Owner' or FSBO. Selling your home as a FSBO involves a lot of work, and step one is to dive into the research phase. Your obvious first step is getting an idea of what your home value is. There are several ways to find your home value, many of which can be done for little or no cost. (One way is to visit for a free home value estimate).
Instant Online Home Value Reports are Crap!
It is impossible to get an instant home value report online that is truly accurate. Sorry if you believe the hype of hundreds of sites out there, but all you can get instantly online is a very general estimate of your home value. That's it. It might be accurate, but more likely it's based off old tax records of what the property sold for 5 years ago. How accurate of a home value is that? (Get an accurate home value from ).
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