There are many steps that go into purchasing a home: Finding a reliable agent, setting an asking price, scheduling an open house, and more. To find a reliable agent to sell your Beaumont, TX, home, all you have to do is visit American Real Estate. The next step is to find a reasonable and profitable asking price. This step may sound like a breeze, but the trust is that it’s a lot more complicated than it sounds. Setting an asking price requires a lot of information about your home beforehand. A great tool to use in order to get an idea of the kind of asking price you should look for is the “Home Value” tool. Finding out the value of your Beaumont home can be very beneficial to you in more ways than just one. The median asking price for a home in Beaumont in May 2014 was $158,000. The median asking price for a home in Beaumont in June 2017 was $208,000. This $50,000 increase shows the increase of value for homes in Beaumont, TX. The median listing price per square foot jumped $10 from May 2014 to June 2017. The appreciation rate in Beaumont from June 2016 to July 2017 has risen 6.7%. All of these facts should be reminded of when you are deciding on an asking price. Even if you’re not selling your home, and you are just looking to refinance for lower mortgage payments, checking your home’s value can help you. If your home is worth more now than when you first bought it, you can refinance your mortgage loan to save you thousands of dollars in interest. All in all, checking your home’s value is an important, and potentially profitable thing for you to do as a homeowner or home-seller.
If you have any questions about the “Home Value” tool, feel free to contact any of our friendly agents. We are more than happy to assist you with anything that you may need help with.
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