Smart Moves for Seniors

An Open Resource and Meetingplace for Seniors Thinking About Moving On With Their Lives and provided by Lois Patton, Licensed Real Estate Salesperson and Certified Buyer Representative with Albany Realty Group, Albany, New York. Also visit us at or call 518-459-4564.

Thursday, August 10, 2006

If you have had an appraisal done on your house some time ago, remember that the figure you were given at that time was based on sales in your area and assessments of your home's value at the given point in time in which it was done. Given this, you should not believe that the figure you were given at that earlier time represents the value of your house in the present market. The market is "time-bound" and determined by the recent and current sales of houses in your neighborhood. The market value of houses is always in a state of flux, just as are the financial markets, so nothing is firm or settled when it comes to housing values. A real estate agent can provide you with ways in which to help determine what the current value of your house may be. Give us a call or send us an email. We'll work for you!

Have a great day!


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