Selling your home is a big financial and emotional task, which requires lots of planning. So before you decide to put your home on the market, here are four questions to consider.
What is my South Dakota home worth?
Several factors go into determining your South Dakota home’s market value. These include the condition of the property, square footage, location, amenities, as well as recent comparable South Dakota property sales. For a snapshot of your home’s current value in South Dakota, you can enter your address into a free online value estimator tool. Alternatively, you can look at a recent property tax bill to get your South Dakota home’s tax assessed value, which is a percentage of your home’s fair market value. If you know your state’s assessment rate (which is usually between 80 and 90 percent), you can estimate fair market value by dividing your tax assessed value by that assessment rate.