Why is it important to know the value of your home? In this video, REALTOR® Cindy Herrera shares why it’s important to find out the value of your home, as well as the top 3 reasons why people want to find out the value of their home:
Your home is one of your biggest assets, if not THE biggest asset that you own! So knowing how much your home is worth is important information! If you want to find out how much your Arizona home is worth, click here!
Here are the top 3 reasons why people want to know the value of their home:
Lower your payment.
Did you know that finding out the value of your home can help to lower your monthly payment? You can save a few extra dollars a month (and in some cases, maybe even hundreds of dollars each month!). As you start to pay down the balance of what you owe on your home and while your home’s value continues to increase, you start to build what’s called equity. And once you have 20% paid off, you’re able to get rid of your mortgage insurance which saves you money. You can do this by refinancing—which you’ll need your home’s value to do!
If you love your home and the community you live in but want to give your home a facelift, you can pull some money out of your home and actually put it back into the home in the form of a remodel or upgrade. However, you do want to make sure you’re not overbuilding for the area—if you do too many renovations or fancy upgrades, your home may become hard to sell one day. We can help you make sure you’re using your money to make the best remodels for your specific situation!
3. Are you ready to sell your home?
If you’re thinking about selling your home, you’ll of course want to get informed about what your home is worth! This can impact your decision on where to move and what kind of home you may want to purchase next. We all go through different stages of our lives, and depending where you are in yours, you might be thinking about buying a larger home or downsizing, or maybe moving to a different part of town. Finding out the value of your home is one of the first steps in figuring out what to do next!
Which situation fits you best right now—number 1, 2, or 3? If you have any questions, don’t hesitate to get in touch with Cindy!
Click here to find out what your home is worth (Zillow is likely wrong:):
Find out what’s your home value today….