Real Estate values are established by actual SALES , the price someone was willing to pay for a particular location with its specific features and condition. They are not based on what prices people are asking (wishes) or appraisals (opinions) . As with all things in life, you can only know the true value of a property by comparing it to actual market data for similar properties that have SOLD .POTENTIAL HOME SELLERS - Your home may be worth more than you think, particularly if you lived there for many years and have not been active in today's market. Due to the lower interest rates of the previous years (remember the Carter years? ) and a strong economy, homes prices have been at record levels and are still appreciating at an accelerated rate. This combined with new tax breaks (see Capital Gains Relief in Real Tulsa News ) may make it the perfect time to knowledgeably market your home.POTENTIAL HOME BUYERS - Don't make an uninformed offer on a home just to take advantage of today's low interest rates. Unless you know what homes in that area are selling for, the money you save on interest may be offset by overpaying for a property.REMODELERS - Unless you're planning to remain in your home until you are horizontal, don't start a major renovation without knowing if your project will out-build the sales price your neighborhood can carry.Contact me and I'll be glad to provide you with a free survey of what prices people are asking and what homes have actually SOLD for in your neighborhood, with no obligation whatsoever. Let's find out how much your home or potential home is really worth. Please complete the as much of the following information for a free comparative market analysis of your home, or contact me direct: Mobile (918) 645-3686, Office (918) 712-2252, Fax (918) 712-2311, email me at joe@realtulsa.net
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