How Much is My House Worth in this Economy?

Though many would-be sellers are balking at listing their homes in this post-bubble market, your home may be worth more than you think. Some cities have remained less affected than others, thanks to a variety of factors. Cities with relatively low unemployment, highly-regarded schools, and high quality of life have held steady.

Many homeowners are asking themselves if they should sell their houses now or wait. With the continuation of increased foreclosures, property values continue to decline. Given the uncertainty of the real estate sector, knowing your property value is more important than ever.

If you want to check on your home’s value, use an online home value estimator. Your real estate agent can also estimate what its worth. Getting a professional appraisal is also an option, and will usually run you between $300 and $600, depending on your home size and location.