How MuchequityequityDo You Have?Market Report for 1238 Throne Dr Krista Harrison RESIDENTIAL REAL ESTATE SPECIALISTREALTOR®, GRI®, SRES®, CLHMS541-554-2899kristaharrison.comkristaharrison@tripleoaksrealty.com
The market is evolving, emphasizing thecrucial need to understand the currentvalue of your home.Interest rates are on the rise which means if you have been thinking of selling now is youropportunity, if you are not ready yet it's okay, but don't wait too long the market is changing.Homeowners thinking of selling their homes should start to weigh the pros and cons and quickly.Interest rates could continue to rise for the next year. Generally, when interest rates rise the valueof your home falls. This is because when the interest rates rise the cost of borrowing money alsogoes up. Buyers will in turn need to pay more monthly for the mortgage. When rates are highersellers typically find it harder to find buyers whom can afford it at its current price point. Thisbegins to effect the overall value of real estate. In the past this has lead to lower home prices.I have attached an estimated home value for you in this Equity review packet. Please keep inmind that this is just an estimate based on the most recent data about your home available to me.If you have made any renovations, updates or additions to your home since you purchased yourhome, this will add additional value to your home price. If you want to find out more information about your home value or the current real estate marketplease reach out. You can call or text me at 541-554-2899, you can also email me atkristaharrison@tripleoaksrealty.com KRISTA HARRISONBroker/Owner Krista Harrison Real Estate, Inc.
how to calculate equityin your home 1.2.3.The first step is to determine how muchyour home is worth. Recent sales of homessimilar to yours in your neighborhood orarea can determine a home value.Next you will take that number and subtractany loans you have on the property. Thisincludes any lines of credit. This will tell youhow much equity or (value) you havegained since purchasing the property.From there, subtract your mortgage debtfrom your home's market value. Forexample, if your home's estimated marketvalue is $500,000 and all of the debt youowe on your home totals $400,000, yourhome equity is $100,000.Equity is the difference between whatyou owe on your mortgage and whatyour home is currently worth.
pricing your homerecently sold homesComparable homes nearby1149 peascod DR1083 leopold DR1097 LEOPOLD DRSold @$480,000Sold @$525,000Sold @$460,0003 Bedrooms3 Bedrooms3 Bedrooms2 Bathrooms2Bathrooms2 Bathrooms1849 SQFT2086 SQFT1830 SQFTList price $479,900Neighborhood Royal CreekYear built 2006Garage 3 carList price $499,000Neighborhood Royal CreekYear built 2005Garage 3 carList price $465,000Neighborhood Royal CreekYear built 2005Garage 2 car
Your Estimated Home ValueLow:High:recommended:$465,000$525,000$519,900If you decide you want to sell your house. We will work together to establish a fair market value for yourhome and make sure that you feel confident in the price that we set to list your home. Our goal is to attractthe greatest amount of buyers as soon as your home hits the market.
2023 StatisticsSee what I accomplished in 2023My goal is to help you reach your own!Total Homes soldAverage List Price Average Sale PriceTotal Volumn Sold Average Days on MarketClients Served2110,000,0004516455,000469,000
Client Testimonials I had the best possible experience working with KristaHarrison at Triple Oaks Realty. She was responsive,knowledgeable, and focused. She took care of every detailand went above and beyond. This was no easy task, as we weremarketing a troubled property and I live out of state. Kristawas my "boots on the ground" and she kept me informed allthe way. The property sold in no time and she helped resolve acouple of hiccups during closing, I would highly recommendchoosing Krista as your agent! Rebecca HKrista is an excellent realtor, one that I wouldhighly, highly recommend. She frequently wentthe extra mile to help me with the repairs neededto sell my house, was great at getting thingsorganized, promptly returned phone calls, wasvery available. With me she earned every penny ofher commission. Nancy S.Krista goes above and beyond in every situation. She helpedus sell and buy. Through many challenges, her knowledge,Problem solving, and get it done attitude makes the processso much easier. She always had our backs and as a result, weare now in our new home. Krista is so easy to work with andshe really does go the extra 10 miles for you. I highlyrecommend Krista. Krista also has really good resourcesand is able to address any situation/issue that arises.Ardella F.Krista Harrison RESIDENTIAL REAL ESTATE SPECIALISTREALTOR®, GRI®, SRES®, CLHMS541-554-2899