North Hollywood Home Values
North Hollywood Home Values are on the rise. As a homeowner it is always a good idea to stay on top of the local market. It isn’t nosy to visit open houses in the neighborhood, it is smart. It is also a smart idea to keep up on the recent sales. It is the most recent sales within a mile of your home that determines what your home will sell for. Appraisers will pinpoint the property and then spread out until they have 3 recent comps. They don’t like to go further out than 1 mile or back any further than 6 months. So, if within that mile a home with the same square footage and in the same condition as your home sells, then it becomes your comp and is a part of determining your homes value. That is why short sales and bank properties were so devastating. They deflated the North Hollywood home values. There are currently 5 of these types of property on the market in North Hollywood today but they aren’t as damaging as they were back when the market fell apart. Now the market is so hot that banks are able to get market value for these homes. Know the comps, watch the market so you will know the right time to put your home up for sale. Whats My North Hollywood Home Worth is designed to help you do just that.