For-Sale-Home
If you are good stock pickers, then you might be in an ideal position to determine the Real Estate market trends as well. But Residential Housing Market in US is very different than equity markets where most buyers associate much more emotional value and cultural significance to home ownership.
In Silicon Valley alone homes are appreciating every month since late 2012 which might be unsustainable could lead to another market crash. I fact, according to National Association of Realtor’s March Report, Median Home prices in California increase 28% over the last year. So, this is a good question to investigate if it’s a good time to sell your house.
There are some good public website that could provide the Home Owners good estimates based on historical sales such as Zillow and Trulia. But it’s much smarter to get a valuation developed using a local realtor since these website do not take into account any special adjustment to price due to additional features such as pool, wine cellar, library, solar panels….etc.
So, turn the table on your banker and get a Free eBook on your Home Value before you accept the banks’s Short Sale offer.