September 21, 2020 begins National Home Valuation Week.
While there are plenty of online sites to give you what you think is a home valuation, the two best ways to find the current and most accurate valuation of your home is through 1) an appraisal and 2) through a local real estate professional.
Online websites use an algorithm that may not accurately depict your local market and, thus, your home value. Mississippi is a non-disclosure state so quite often these sites are inaccurate because they do not have access to public records that other states allow them to have.
A local real estate agent has his or her finger on the pulse of the local market and can advise you with both a comp analysis through their MLS, and an RPR (an algorithm-based REALTOR program tied into local MLSs across the country) to give you an understanding of your home’s current value, recent local market activity and the outlook for demand of your home and property.
Buyside is the company that came up with National Home Valuation Week and while I am not affiliated with Buyside, I am a REALTOR in Mississippi and can provide you with a comp analysis of your home in and around Oxford. The point of the week is to let homeowners know they have a local source for home valuation and buying/selling assistance: a local real estate agent.
The Covid-19 lockdowns have been an eye-opener for many homeowners who were forced to stay home for a length of time to both work and live. Recognizing a need for a new home or renovations, coupled with the low interest rates for mortgages, many homeowners have begun searching for a new home or working on enlarging the one they have. With a home valuation from a respected source (your local real estate broker or agent), you, the homeowner can make an educated decision on whether to sell and for how much.
Do you need a home valuation? Contact your favorite local real estate practitioner, or me. These can be done virtually, so no-contact meetings are available.
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Eileen Saunders, REALTOR, SRES, ePRO, C2EX with Tommy Morgan Inc., 2092 Old Taylor Road #101, Oxford, MS 38655 firstname.lastname@example.org 662-404-0816/662-234-5344