If you want to know the value of your Las Cruces home, odds are that you are attempting to sell your home. Selling your home can be a bit of a hassle, but with the help of the agents here at Exit Realty, your home will be sold in no time. One of the first steps of selling your home that you should do is find out the value of your home. There are dozens of reasons to check your home’s value, but the number one reason is profit. You want to know if you will be making profit from your Las Cruces home, which is the main goal of selling a home. Your home’s value can also be a base number for an asking price. There are a few other details for you to take into consideration before you settle on your asking price. Settling on your asking price too early, could mean that the asking price is too high or too low. If your asking price is too high or too low, then you will miss a lot of opportunities to make a great profit. The first thing you should take into account is the housing market for Las Cruces, NM. The median asking price as of June 2017 is $200,000, which is $16,000 more than the median asking price in May 2014. The median asking price per square foot for a home in Las Cruces is $105 as of June 2017, which is $5 more per square foot than it was in May 2014. The median asking price per square foot has fluctuated a good amount in the last three years, so make sure you stay up-to-date. The appreciation rate for a home in Las Cruces has risen 1.7% from June 2016 to June 2017, and is expected to rise an additional 3.7% by June 2018. All of these details and statistics should be taken into consideration when you are deciding on an asking price. The other reason why it is so imperative to check your home’s value is because you could be saving thousands of dollars. If you check your home’s value and find out that your home is worth more now than it was when you bought it, you will be eligible for a refinanced mortgage loan. A strong method to saving money was hiding right before your eyes.
If you have any questions about the “Home Value” tool, please do not hesitate to contact any of our friendly agents. We are more than happy to answer any questions that you may have.