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Can I get an estimate online of my homes's worth?

We would like to know what our house is worth in this present market.  I'd like to get that online if possible.  Please advise. 

Carol55Bruce@aol.com
  • August 31 2011 - Greenwood
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Answers (6)

Where is your home located?
  • December 16 2011
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Carol,

You have several options: There are many online real estate sites that can give you an estimate of value.  I've found these sites, much like tax assessments, are based on a few data points such as sq footage, number of bedrooms, neighborhood sales data.  In the matter of my own home, I found the estimates to be extremely low.

You could hire a local real estate appraiser.  They will establish market value of your home based on a very complete comparison of your home vs. similar homes that have sold in the area. This will be an expense of around $400-$500.

Another option would be to have a local Realtor visit your home and give you an estimate.  Like an appraiser, they will evaluate sales data from similar homes in the area that have recently sold.  A Realtor can not only give you an idea of the market value, but also what you could, in their professional opinion, likely get if you were to sell.  This is not always the same number as the market value- as the potential sales price would also factor in how many other homes are for sale in the area, how does your home's features and condition compare to competing homes for sale, what price points has the market not shown to bare (expired listings), etc.  This is free and there is no obligation to use the Realtor's services.  An evaluation can be done over the phone, but will not be as accurate as an in-home visit.
  • September 01 2011
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Absolutely!  You can go to Zillow.com.  You must keep in mind that automated data is only so accurate.  The data and range can fluctuate as much as 15+or-.  You really need a real estate professional to look at your home so it can be objectively compared and reviewed to other similar homes.  You can visit http://www.rwplatinum.com for more information.

  • August 31 2011
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Click on the followed link, type your address in the 'Find homes' box then hit the 'GO' button.
http://www.zillow.com/
  • August 31 2011
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There may be Internet sources you can seek, but as in politics, real estate is local. You are MUCH better served by consulting with 2-3 professional full-time real estate agents in your community, and requesting they provide you with a free market analysis. You may also want to consider employing a licensed appraiser as will certainly be required by any buyer's mortgage source. Good luck!
  • August 31 2011
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I would be happy to help you. Where is your home located?
I am in New York city?

Florence Sommer
Corcoran Group
[contact information removed by Zillow moderator]
  • August 31 2011
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