What Is My Home Worth and Why Do I Need to Know?

Many homeowners go for years without having a market evaluation done on their home. Their thought process is that if they are not considering selling the property, it is not that important. Unfortunately their thinking is wrong for several important reasons.

1. Most homeowners properties are one of the biggest investments they own. Just like you would like to always know the value of your stocks or how your 401k is doing, it is equally important to know the value of one of your single biggest investments, your home.
2. Homeowners insurance. Do you have too little, too much? Knowing the value of your home helps you understand if you have the right amount of insurance. Don’t wait until after a catastrophe hits only to find out you were underinsured. Know the current value of your home at all times.
3. PMI Insurance. If you own less than 20% of your property, you are paying PMI insurance. If you home has gone up in value, you may be above the 20% threshold and get the PMI insurance removed which will save you money each month.

My Town Gurus recommends that you have a Market Evaluation done on your home every 2 years. This is a service that is done completely free of charge by our Real Estate Town Gurus. To schedule yours today with your Official Town Guru call 727-488-7423 or go to www.mytowngurus.com/valuation-form and your local Guru will provide you with a report of the value of your home. Don’t put this off any longer. Learn what your biggest investment is worth!

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