What is my house worth today?
Furthermore, you always run into trouble when you apply an average to every instance. Even though the OFHEO index shows that the average home in Georgia increased in value by 2.2 percent, there is no guarantee that your home went up at all. In fact, it is possible that your home and neighborhood have had an entirely different experience over that same period. And that gets us back to the original question of “what’s it worth?” In the end, your home is only worth what someone is willing to pay for it on the open market. If you want to immerse yourself in more real estate sampling data than you might believe could exist, visit my Web site, money99.com, and download the entire OFHEO House Price Index report, all 82 pages of it, for free. Find previous articles by John Adams and more home buying advice on the ajchomefinder mortgage center.
