There are a few ways to find out how much your property is worth. But first lets understand why it is important for sellers to know how much their property is worth.
How much is your home worth?
It is important to know because you want to price your home at the right level that will attract the most qualified buyers to look at it but not too low so that you sell your home at too low a price. You want to get the top amount possible for your home but not price it too high that no one comes to look at it or it stay on the market for too long.
In order to assess the value of your home you may check real estate websites such as trulia.com & zillow.com to compare what similar homes in your area are going for. That is a very effective way to do it but it might take more time. Another way that you can assess the value of your home is to contact a real estate broker or real estate appraiser and have them look at your home.
You should avoid asking friends because they are most likely to be wrong and tell you varied answers that will confuse you further. You should always consult a professional if you are seriously considering selling your home.
Another factor to watch out for is overvaluing your house. This scenario is what behavioral economics call the endowment effect which is when people overvalue something because they own it. This can occur because you had memories in the house, or that you love the neighbors, but you must be careful not to overprice the house and let the endowment effect cloud your judgement.