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How do I know the value of my home?

A 56 Chevy Belair

My Belair was red and white with a 3 speed stick shift on the floor

How do I know the value of my home?

That is a great question. The answer is not simple. Every real estate web site has a place to figure out the value of your home. However on those sites the value is determined by public information and certain rules that may or may not apply to your home.

“It’s only worth what someone will pay for for it.”   My dad, Raymond Campbell

My first car was a red and white 56 Chevy Belair.  I bought the car when my brother went into the Marines in 1967. It was “really cool.”  There was a 3 speed transmission shift on the floorboard.

I was driving the car back from Coeur d’Alene to the family farm after a wet heavy snow.  The slush pulled it into the median and I unfortunately scraped the side.  I could still drive it but it was no longer “cool.”

I was a senior in high school and my friends all said the car was worth at least $500.  Now that was a lot of money in 1967.  So I tried to sell it for $500.   Remember there was no such thing as the internet. No facebook, no instagram, not a craigslist.   After about a month I decided to ask my dad for some advice.  I told him all my friends said the Chevy was worth at least $500. My dad asked me if any of my friends were willing to pay $500 for my treasured first car.  The answer of course was, “NO”.  My dad looked up at me with his dry crooked grin and said.  “Something is only worth what someone will pay for it. It doesn’t matter what your friends say or think or how much you want for the car.  It is ONLY WORTH what someone will pay for it.”

A home is ONLY WORTH what someone will pay for it.

If you have been trying to sell your home it may look “cool” to you and you may think it is worth $500,000.  However your home is only worth what someone will pay for it.  Yes, there are lots of additional things you can do that may help you get top dollar for your home.  There are also things you can do that may seem great to you but still will not help sell your home.  This blog post is an introduction to what you SHOULD do always, what you should consider doing and things that are probably not a good use of your money.

What every home owner needs to do to get the best price for their home. Free it from clutter. 

To get top dollar for your home hire a professional photographer.

Things you should consider doing to get the best price for your home.

Things you that are probably not a good use of your money to get the best price for your home.

 

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Paul Campbell, Real Estate Consultant With The Agency
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