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  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro
  • Benjamin Magro

      What Is My Home Worth?


      Introducing The New England Real Estate Company Home Value Estimate Tool©.

      Do you know how much your home is worth? The answer to that question can be critical to getting insurance, selling your home at market value or getting a home equity loan. Using a home value estimating tool, (like the one we provide below) can help you figure out just how much your home is worth.

      Maine property

      What's My Home Worth Today?

      Whenever you try to obtain an insurance policy or apply for a home equity loan, lenders don't care about how much you paid for it. The only thing that matters is how much it is worth today. If you bought a home for $200,000, you would have negative equity if the home is worth $150,000 today. That would eliminate your ability to get an equity loan while possibly making it easier to get insurance.

      What's My Home Worth Compared To Other Homes?

      It is important to know how much your home is worth compared to other homes in the area. This is how you will set the asking price when you sell your home. If other homes in the area are worth $200,000, you will want to sell your home for at least that much. Homes that have upgrades or additions may be sold for slightly more than market value.

      What's My Home Worth Officially?

      Using a home value estimation tool will allow you to find out how much your house is officially worth. This can be used to your favor if you are seeking to pay lower property taxes. It can also help you out if you are trying to use your home as collateral to purchase a second home or to take out any other type of loan besides a home equity loan.

      The Value Of Your Home Can Be An Easy Way To Base Rental Value

      If you wanted to rent all or a portion of your home, knowing the value of your home can be used as a baseline to determine how much you will charge to rent it out. If your home is worth $100,000, you want to charge at least $$500 a month because you are generally supposed to get at least .5 percent of the home's value in monthly rent in the midcoast markets.  For Summer rentals in the Midcoast what you get for rent during the winter you will get per week in the summer with ideal home locations.

      Knowing the value of your home is critical. It can be used to lower your taxes, obtain insurance or sell your house for a fair price. Starting with our free  personal evaluation , one of our professional agents will provide you with recent sales and current listings in evaluating your homes current value.    

      Please reach us at your convenience at 207.236.7000 or 888.236.7015 or feel free to send us an email to: info@TheNewEnglandReCo.com or visit our web page "Our Difference - Our Brokers" to discuss more about your potential home's value and how we can best help you achieve your goals in selling your home.  And try our home value estimating tool below - its easy to use and just takes seconds.

      Introducing The New England Real Estate Company Home Value Estimate Tool©.

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      How to use:  Simply "click-in" above & type in your address!  Its easy and takes just seconds!

      The New England Real Estate Company Home Value Estimate Tool© is a client service provided by our company and powered by Zillow.

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      This is by far, the #1 word of advice we give all of our clients wishing to perform their most accurate searches.

      Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate independently verified. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. 2013 Maine Real Estate Information System, Inc. All Rights Reserved.equal opportunity housing logo