 # Home Value Check

### My goal with this webpage is to give you the tools so you can better determine what your value is. It will never be 100% accurate, but it will give you a good ballpark of where it may be. ## How To Determine Value?

### Let's say we did your loan 3 years ago and your value then was at \$300,000.

##### You would then want to pull up the Real Estate Report Cards from below where we can see the average appreciation rates per county for the past 5-10 years. Let's assume that rate was 6%. We would then take \$300,000 X 6% which would equal \$18,000. We would add that \$18,000 to our original loan amount of \$300,000 to equal \$318,000. We would then do it again for Year 2 (\$318,000 X .06 = 19,080) giving us a new value in Year 2 of about \$337,080. Finally, in Year 3 we'd do it once more (\$337,080 X .06 = \$20,224.80). ### So a home we bought 3 years ago at \$300,000 would now be worth about \$357,304.80.

##### Is this number 100% accurate? Of course not, but it gives us a good idea of where the value could be. The value is really just what the market says it's worth AND what someone is willing to pay for it. So until we go to sell, we won't know the exact value. If you want help with this calculation I've created this spreadsheet that you can use to easily input your numbers. ## Real Estate Report Card ## Community Report Card  