The market value is not based on formula. It's based on how much someone is willing to

pay for your home. And these four steps will help you find the right price to get you

the most money and the least amount of time as possible. So you can move on literally.

Hey guys, welcome to this episode of The Rachel Crucio podcast. I'm so glad that you're

here. So in this episode, we're talking about all things homes. Are you trying to sell

your home anytime soon or flipping a home? Well, if so, you will not want to miss this

episode. I'll go over eight upgrades that are worth your money and will actually boost

the value of your home when you go to sell. And then we'll go over upgrades that are

not worth your money. But first, let's talk about how to determine your home's value.

Take a listen. Today, we're going to talk about how to figure out what your home is really

worth. Your home is a huge factor in your total net worth, not to mention selling your

home is a really big deal. I've heard that about half of Americans cry when they sell

their home. And it might be tears of joy, tears of sadness, or probably tears of stress.

And I totally get it because listen, this is one of the most valuable things that you own

your home. But you really can get a good idea of the value of your home. No tears necessary.

So first, let's go over two definitions of home value. There's fair market value and

appraised value. So fair market value is the price that both the buyer and the seller

agree is fair. So asking an experienced real estate agent to do a comparative market analysis

is the best way to determine a fair market value for your home. So basically, that's

when the agent looks at your particular area and similar houses are selling for. But appraised

value is how much your mortgage lender determines your home is worth. And appraised value is

based on things like your home's age, location, square footage, number of bedrooms and bathrooms,

...