Planning to sell your house in Tampa Bay? If so, it can help to know your home’s original sale price, as well as its entire sales history. This knowledge can give you a better understanding of your home’s market value and help you determine a fair asking price.
In this post, our realtors at Your Home Sold Guaranteed Realty – Winn Team Realtors will discuss the benefits of knowing your home’s sales history as well as several ways to find the sale price of your home.
Key Takeaways:
- Understanding your home’s past sale price relative to current market trends can provide valuable insights into the state of the real estate market in your area.
- When buyers submit offers on your home, knowing of your home’s sales history can help you negotiate effectively.
- If you’re unable to find the sale price of your home through other methods, you may consider hiring a real estate appraiser to provide an independent valuation of your property.
Why Should You Know Your Home’s Sales History?
While it’s not a strict requirement to know your home’s exact sales history before selling, having a clear understanding of your home’s market value over the years can be beneficial for a few reasons:
- Assessing Market Trends: Understanding your home’s past sale price relative to current market trends can provide valuable insights into the state of the real estate market in your area. This information can inform your selling strategy and help you make informed decisions throughout the selling process.
- Planning for Expenses: Knowing your home’s previous sale price allows you to estimate the proceeds you’ll receive from selling it, after accounting for any outstanding mortgage balances, closing costs, and other expenses associated with the sale.
- Setting an Asking Price: Knowing your home’s sale price from when you originally purchased it allows you to set a competitive asking price.
- Negotiating with Buyers: When buyers submit offers on your home, knowing your home’s sales history can help you negotiate effectively. You’ll be better equipped to evaluate offers and determine whether they align with your expectations and financial goals.
How Do You Find the Sale Price of Your Home?
Review Your Closing Documents
When you purchased your home, you should have received a Closing Disclosure or Settlement Statement. This document outlines all the financial details of the transaction, including the final sale price of your home.
Check Your Mortgage Statement
If you have a mortgage on your home, your monthly mortgage statement may include information about the original loan amount, which is typically based on the sale price of the home. However, keep in mind that this amount may not reflect any down payment or additional costs associated with the purchase.
Contact Your Real Estate Agent
If you worked with a real estate agent when buying your home, they should have records of the sale price. Reach out to your agent and ask for a copy of the sales contract or any other relevant documents that show the sale price of your home.
Search Public Records
In many areas, property sales information is a matter of public record and can be accessed online through the county assessor’s office or recorder of deeds. You can search by your name, address, or property identification number to find the sales history of your home.
Use Online Real Estate Databases
There are several online real estate databases and websites, such as Zillow, Redfin, or Realtor.com, where you can search for your property and view historical sales data. Keep in mind that these databases may not always have the most up-to-date or accurate information, so it’s a good idea to verify with your realtor.
Hire a Real Estate Appraiser
If you’re unable to find the sale price of your home through other methods, you may consider hiring a real estate appraiser to provide an independent valuation of your property. Appraisers have access to comprehensive sales data and can determine the fair market value of your home based on recent comparable sales in the area.
Work with Us to Find Your Home’s Sale Price Today
While knowing the sale price of your home is important, an accurate valuation is based on factors such as recent sales, current market conditions, and the unique features of your property. Determining the best possible asking price for your home starts by hiring an experienced realtor.
At Your Home Sold Guaranteed Realty – Winn Team Realtors, Yamill & Keith Winn and our team use a comprehensive method to determine a competitive asking price for your home. Our track record of success is proven through our data– on average, we sell homes 48% faster and for 2.4% more money than our competitors. Plus, with our seller guarantees such as our Guaranteed Sale Program, you can ensure a risk-free home-selling experience.
Contact us today at 727-353-6636, send a message to winn@winnteamrealtors.com, or use the form on this page to learn more about working with our team. Selling your home doesn’t have to be stressful when you work with the best realtor in Tampa Bay!
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!
