Are you a homeowner in California? You may be wondering what your home is worth in today’s market. While getting a home evaluation can be a daunting task, it is indeed a necessary one. To find out what your california home is worth, follow a few simple steps:

1. Determine the purchase price of the home

What you bought and when you bought is key in evaluating the estimated value of your home in the California marketplace. Make sure to have a list of amenties available for the purpose of home value evaluation. Have you wired in your own stereo system throughout the house? Purchased a hot tub for your home that you feel will increase the value by including in your home estimate? Those are the sorts of things to jot down, along with the purchase date, and the purchase price of your home

2. How much equity are you expecting?

This is a number than can jump up and down daily, so it’s important to understand that the value of your home (in California, with a mortgage in California) and understand it’s relation to the equity you have. Let’s say your home was purchased in 2003 and has since gained $55,000 in equity – are you expecting that value to be what is considered and what can be accepted? The expectation you set may be different than what actually gets put into place, so it’s important to determine your home’s worth.

These two concepts are just a small portion of things to consider when determining your California home’s worth and value – in a marketplace like the one we are in now, it is always best to contact a professional.

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