Determining the value of your home is a crucial step in the homeownership journey, whether you're planning to sell, refinance, or simply track your investment's performance. The term "value of my home" refers to the estimated market price of your property, considering factors such as its location, size, condition, and recent comparable sales in your neighborhood.
Knowing the value of your home is essential for several reasons. It helps you make informed financial decisions, such as setting a realistic asking price when selling or determining your home equity when refinancing. It can also provide peace of mind, knowing that you have a good understanding of your home's worth.