Milwaukee Real Estate: How to Determine What Your Milwaukee Home Is Worth

 

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home,click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many homeowners want to know what their home is worth before they put it on the market. How do buyers determine the value of your home? In other words, how is market value determined?

First, though, there are a few misconceptions about home value that I would like to clear up:

• Home value is not based on what you want or need to pay off your loan amount. 
• Home value is not based on what your neighbors think you should get for your home. After all, neighbors are biased. 
• Your tax assessed value does not reflect market value. Tax assessed values can be off by as much as 20%. 
• The appraised value is not the same as market value. If you have an appraisal that is a year old, it is based on outdated information. 
• Home value is different from your insurance value. Insurance companies insure the house for the rebuilding or replacement cost, which is much higher than market value. 
• Sites like Zillow cannot determine home value with just a computer algorithm. 

Home buyers determine the market value of your property by looking at the features and benefits of your home (how many bedrooms, bathrooms, square footage, etc.) and compare your property to other homes on the market. They look at recently sold properties similar to yours to see what your home is worth.

What have similar homes in your area sold for?

Real estate agents can help you figure out your current market value. Give us a call if you are interested in a free home pricing report or if you have any other questions. I would be happy to help you!

The Benefits of Using a Home Warranty to Sell Your Home

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home,click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

What are the benefits of using a home warranty to sell your home?

Our company and team actually use another company called Home Security of America (HSA), and they provide warranties on the sale of existing or used homes. This coverage actually covers all the mechanical systems in a home, such as plumbing, electrical, heating, air conditioning, water heater, and even the appliances that are included in the sale of the home. It covers the buyer for up to one year after closing.

On a single-family home, the cost of the coverage would be $564. If it was a condominium, the cost would be $535. The buyer is then able to extend that beyond a year after they buy it.

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A home warranty makes a buyer feel more comfortable.

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Many of our sellers are using this as a marketing tool to sell their home. If they do provide it up front, the seller actually gets free coverage on items while the home is listed for sale. For example, we just had a client who had a water heater replaced while the home was listed and got a brand new one for a nominal deductible of $100.

There are two main benefits:

• First, it’s a great marketing tool. If your home has a warranty and another competing property doesn’t, that may make the buyer feel more comfortable in buying the one with a warranty. Plus, all new construction has a builder’s warranty for one year.
• Secondly, it adds peace of mind. This is especially true in cases where a seller may have older components in their property, such as an older furnace, air conditioning, plumbing, or electrical. All of that is covered for the buyer for up to one year after closing. They also don’t have to actually replace these components. If you have a 20-year-old furnace that still works, you can keep the furnace and offer a home warranty!

If you have any questions about the home warranty or how the process works, please give us a call at the Roth Team and hopefully we can answer them. Thanks, and have a great day.

See This Newly-Reduced Gorgeous Listing in Summit

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home,click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

I wanted to share this beautiful custom-built home on a cul-de-sac in Summit, Wisconsin, built in 2000. This property overlooks 100 acres of conservancy land, which can only be used by occupants of the subdivision. The home sits on nearly an acre of land in a park-like setting with mature trees, beautiful landscaping, a deck and a patio. Attached is a 4.5-car extra deep garage.

As we enter through the garage, you’ll see the full mudroom and laundry room on the main floor, where hardwood floors run throughout. It enters the home into the spacious kitchen with stainless steel appliances, custom cabinets and granite countertops. The kitchen overlooks a large family room designed for entertaining. The kitchen also features an eat-in dining room with sliding glass doors to the deck.

Also, just off the kitchen is a full formal dining space, a private office, as well an added sitting and entertaining room. The main staircase in the foyer leads upstairs to four nicely sized bedrooms, including a beautiful master bedroom with two walk-in closets. All of the bedrooms feature extra tall ceilings as well. The second floor also features a full bath for the other bedrooms on the second level, with a tub shower, large mirror, and lots of storage.

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The beautiful master bedroom has a full en suite and two walk-in closets.

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The master bedroom is 22’x14’ to fit a king size bed and multiple pieces of furniture. Both walk-in closets are full size and the en suite features a dual vanity, standup shower, and jacuzzi tub.

One of the coolest features of this home is the custom basement area, great for entertaining with full-size windows, fireplace, a full-size bar with built-in refrigerators and a full bath. The basement also features a bonus room, which could work as an office or workout room.

This beautiful, four-bed, 3.5-bath home has just been reduced $20,000 to a list price of $549,800. If you or someone you know is interested in taking a look, give us a call today!