Encore Realty

Want to Know the Value of your Richland Home?

Selling your Richland, WA, home may seem like a breeze, but there are a lot of steps for you to take before your home is officially sold. The first step you need to take is settling on an asking price for your home. An appropriate basis for your asking price would be your home’s value. You will need to figure out how much your home is worth. You can do this by using the “Home Value” tool. Finding out the true value of your home can be profitable in more ways than one. There are other important details and pieces of data that are necessary to take into consideration. The median asking price for a home in Richland has increased by $80,000 from May 2014 to June 2017. The median asking price per square foot for a home in Richland is $145 - which is $45 more per square foot than it was in June 2014. The appreciation rate in Richland has risen 9.1% from June 2016 to July 2017, and is expected to rise another 6.0% by June 2018. Consider these statistics when you are settling on an asking price, as well as the value of your home, so that you and your agent can place an accurate and fair asking price. Too high or too low of an asking price can lead to passing up an opportunity of a lifetime, so try not to be too greedy or too generous. Another important reason to check up on the value of your home is the amount of money you could be saving on your mortgage loan. If your Richland home is worth more now than it was when you first bought it, you can refinance your mortgage loan and end up saving thousands of dollars. Saving money has never been so simple!

If you have any questions about the “Home Value” tool, or the importance of checking your home’s value, feel free to contact any of our agents. We are more than happy to answer any questions that you may have for us.

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