09/23/2020
How Much is your house worth?
“It depends on the reason you want to know because that dictates who you’re going to speak to,” said Chantay Bridges, a real estate specialist in Los Angeles. You can get a good estimate of your home’s value from a realtor. “You can ask a broker to come out, look at the interior of your home and compare it to recent sales,” Ailion said. “Most brokers will give you a free valuation with the hope that when it comes time to sell, you’ll give them a call.”
That kind of valuation is helpful if you’re wondering about the value of your home in terms of a future sale or estimating your general net worth. You can also look at the tax valuation of your home, which you might receive in tax communications from your locality or for which you may need to call your local tax office. The tax value of your home, however, may not reflect current market value, depending on how your municipality appraises property.
