Premier Sotheby's International Realty
Doug & Erin Risher, Premier Sotheby's International RealtyPhone: (239) 825-3696
Email: [email protected]

Is Your House Worth More Than You Originally Paid for It?

by Doug & Erin Risher 06/22/2020

If you intend to list your residence in the near future, you might believe your house is worth more than you originally paid for it. However, there are many factors that impact a house's value, and these factors include:

1. The Current State of the Real Estate Market

The housing market can vary from city to city, town to town and state to state. So it's generally a good idea to analyze the local real estate climate. You then can use housing market data to determine whether the current real estate climate favors buyers or sellers.

In a buyer's market, there is typically an abundance of quality houses. Meanwhile, a seller likely will need to dedicate time and resources to differentiate his or her home from the competition in a buyer's market. A seller will also want to hire a real estate agent who can help them navigate the challenges of listing a residence in a buyer's market.

Comparatively, in a seller's market, a seller has a golden opportunity to maximize their house sale earnings. In this market, there is usually a shortage of first-rate houses, and homes may sell shortly after they become available. If the market is currently favoring sellers, you may be better equipped than ever before to enjoy a seamless house selling experience.

2. Your Home's Condition

Over the years, you may have committed substantial time and resources to upgrade your residence both inside and out. As such, if you list your home now, your residence may be worth more than you initially paid for it.

On the other hand, if your home has its fair share of problems, these issues may negatively affect its value. But if you upgrade your house before you list it, you could improve your house's value accordingly.

Of course, a home appraisal may help you verify the current value of your residence based on its condition, the housing market, and other factors. During a house appraisal, a property expert will analyze your residence both inside and out. They will provide you with an appraisal report that can help you determine how to price your house.

3. The Economy

Economic fluctuations are common across the United States, and the present state of the national economy may have far-flung effects on your house's value.

For example, a thriving economy may lead people to pursue their dreams of owning a house. In this economy, a seller who lists a top-notch house could reap the benefits of a fast, profitable home selling experience.

Conversely, in a fledgling economy, the number of home sellers may exceed the number of homebuyers. In this scenario, sellers will need to work diligently to promote their residences to the right groups of potential buyers and price their residences competitively.

Consider these factors as you get set to list your home. By doing so, you can analyze your home's value and explore ways to boost the likelihood of getting the best price for your residence.

About the Author
Author

Doug & Erin Risher

Hi, Welcome To Our Website Amazing Naples Homes.Com. My name is Doug Risher, together with my wife Erin and Trish Giampaoli we are The Risher Team. We hope you find the website fast and easy to use. Please let us know if we can help you in your search. If you have specific needs or wants please let us know those. We often have additional homes, condos or land that may not be for sale on the MLS. 

A fifth generation Floridian and lifelong resident of Naples, Doug Risher has seen and been a part of the tremendous growth that defines Southwest Florida. He previously worked in the golf business for various manufacturers of hard and soft goods. Doug started out working as an independent sales representative and worked his way up the ranks to a national sales position.

In the real estate market, he has established himself in new construction and has earned two designations relating to custom home design and modern construction practices. Doug is a Certified New Home Specialist (CNHS) and is Residential Construction Certified (RCC). He believes advising buyers and sellers alike is very rewarding.

Doug enjoys creating a successful outcome, whether it's assisting a buyer to find the right community, helping find the perfect location for that custom home or marketing a home for a seller. He utilizes social media and target marketing to match qualified buyers with listings. When you work with The Risher Team, you get the double-edged sword of high-tech and high-touch.

Outside of real estate, Doug supports Take a Soldier Fishing, the Juvenile Diabetes Research Foundation and Captains for Clean Water. 

 

Erin worked for 11 years as a Case Manager for the largest personal injury law firm in the state of Florida. Erin was ranked yearly as a high fee producer, negotiating with insurance companies for her clients top compensation. Erin says, "the experience I gained while working for the law firm was invaluable and made me a great negotiator."

 "I use techniques I learned there to the benefit of my real estate clients." "I love real estate and it is my passion", says Erin Risher Broker Associate. Erin along with her husband Doug are the Risher Team, they participate and contribute to Take a Soldier Fishing and Juvenile Diabetes Foundation. 

When you work with”The Risher Team” you get the double edged sword of High Tech & High Touch in Doug & Erin Risher. Erin is passionate about our environment and supports captains for clean water and the restoring the natural flow on water through the Everglades. Erin loves her family and enjoys boating, going to the beach and visiting the keys and islands of florida. Together we help people. "Real estate is the truly our passion and it is what we love to do"