RiskWire: On the House podcast returns for its second episode, where Chief Economist, Eric Fox, and Senior Research Economist, Reena Agrawal, speak about the importance of finding the true value of your home. Whether it be motivated by selling, refinancing, or simply being curious about the value, understanding your home’s worth is a crucial piece of knowledge to have. Let’s look at some key highlights:
Episode Highlights:
- It’s very common for people to use online estimation tools like Zillow and Redfin, however, those will often produce different results and can be somewhat inaccurate.
- List prices are often misleading indicators of a home’s true value.
- A great trick to discovering the value of your home is looking at comparables within your neighborhood that have recently sold. Find homes that are similar in numerous aspects to your own, which can give you a good idea of your own value.
- Economic factors such as mortgage rates can play a big role in influencing the price of your home.
If you are looking to sell, refinance, or are merely interested in how much your home value has increased, finding out your market value can be extremely beneficial. Check out the podcast of RiskWire: On the House, for insights: Webcast & Interviews – RiskWire, powered by Veros
Furthermore, don’t forget to check out RiskWire on Apple Podcasts, Spotify, and YouTube Podcasts for more housing marketing and economic news content. Also, visit RiskWire.com today!
