Whats My Home Worth Lake Placid FL

If you’re trying to learn what your home is worth in Lake Placid, FL, here are some tried-and-true tips to get started. It’s never been easier to find updated property values through websites like Zillow and Realtor, which are fed information from the MLS. Best of all, it’s free, and it provides information useful to buyers and sellers. Most importantly, the info comes from the MLS.

The MLS, or Multiple Listing Service, is what licensed real estate agents use to calculate property values upon request. A simple call regarding a property of interest yields information used by mortgage lenders and tax assessors, which calculate the true market value of a property for asset and tax purposes. The detailed report about all the properties makes it easy to compare it to recently sold homes in the area.

This is called a comparative market analysis, or CMA, and it’s the best way to determine your home’s current market value. If your goal is to buy or sell, the next step is to review a current inspection. For buyers, this determines if they can use a bank loan to buy. If major repairs are needed, a seller would be wise to do these before listing, provided they can be done within a safe budget for the sale.

Niche.com calls Lake Placid, FL, a great spot for retirees due to low crime, a good cost of living, and safe, affordable housing. This makes it good for families and young professionals too. Demand is in place. According to an April 2023 report from Rockethomes.com, it’s a buyers’ market, meaning there are more sellers than buyers. It’s vital that you work with an established agent like myself who has a large network of buyers and sellers to market to on your behalf. Call today to learn more.

Extra insight: https://www.nerdwallet.com/article/mortgages/how-to-determine-home-value

• “What’s my home worth in Lake Placid, FL” is a question best answered by a good local agent.