Foreclosure Houston

Reader’s Question:

Hello everyone. I’m planning to sell my house. How can I find out about the value of my house? The neighboring houses are not comparable to my house so I can’t really base my real estate price on theirs. Does anyone know what the current foreclosure rates are for the area, I hate to think that will happen to me but it could.

Hoover

Houston, TX

Hello there, Hoover. Well, usually, in getting the value of your house, you need to know the general value of the houses in your area, the real estate value of your location. If you think that your house in Houston, TX (you forgot to mention the exact area) is worth more than your neighbor’s house, then you might want to reconsider that. Homes maintain their good value if the neighboring houses are similarly valued, too. You don’t just sell the house; you sell the neighborhood, as well.

To really know the selling value of your house, you may want to consult a realtor, several realtors if possible, in fact. Get their opinions, discuss things and come up with a consensus. I won’t be able to give you any ballpark figure as I don’t exactly know how your neighborhood is or why your house is not comparable to your neighbor’s house. If you have made several improvements to your house over the years and you think it has improved its selling price, again, you still have to consider the overall real estate value of your location.

So, my best advice is: go ask realtors. Their quotations would not really vary too much, and then you’ll have a ballpark figure of the worth of your property.

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