Is my home value still underwater ?

There maybe money in that home after all

Many homeowners have been trapped between wanting or needign to sell but owing more than home is worth. Well Good News CoreLogic reported that home prices rose 10.5 percent in March 2013 from March 2012. This was the biggest annual increase since March 2006 and the 13th consecutive increase in home prices. There was also a 1.9 percent gain from February to March and prices increased in all states except four. However, home prices remain 25 percent lower than the peak of April 2006. 

So maybe your no longer underwater and you can sell and move on to the next chapter of your life. The only way to know for sure is to a) hire appraiser and pay $300-$450 dollars or b) ask a local experienced Realtor for a CMA or Comparable Market Analysis . 

When you are thinking about selling a house, an agent will do a CMA showing how your house compares to other houses that are on the market, have sold, or have been canceled or expired. Your home is then compared to these comparable and will show you what price similar houses have sold for and what similar houses are listed for currently.

Remember that this report is not an appraisal of value but a reflection of the current market trend of like homes in the area and what a buyer would expect to pay for your home if it came on the market today. 

If your thinking of selling and would like a free CMA contact me 

Eric G Reid Associate Broker Keller Williams Atlanta Partners

www.GeorgiaOnlineHomes.com