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How can I find the current value of my home?

I need to know the current value of my condo/townhouse in south San Jose, Ca 95136.

Approx 1430 sq ft, 2 story, 2 1/2 baths, 3 BR.  Remodeled throughout.  Kitchen and baths have granite slabs with bull nose edges.  Ceramic tile floors in all 3 baths. Ceramic tile surround in bath and shower areas.  Designer paint throughout.
Kitchen has granite slab, ceramic tile floor, full backsplash, canned lighting.
New light fixtures throughout.  Carpeting on stairs and bedrooms.  Laminent in LR/DR. A/C and forced air heating.  Two car finished garage.  Pool and spa.  Beautiful Edenvale park just a few steps away.  Rustic trails, tennis and basketball courts.  Perfect for families, picnics, dog walking, etc
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April 04 2010 - South San Jose Hills
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Answers (2)

Contact a local realtor from this site or have an appraisal performed. Best of luck
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April 04 2010
It sounds like you have a beautiful home.  There are many other factors to consider.
 
Your home's value to who?  To you, to a buyer, to the bank for a loan or refi, to the insurance company, to your heirs or to the tax collector?  Each one may have a different opinion of value.  They may all be right.
 
The Zestimate from Zillow is one way to get a ballpark figure.  Go to Zillow.com, click on the "Homes" tab then type your address into the box at the top.

The Zestimate is computer model based on the number of permitted bedrooms, bathrooms and square footage as compared to recent sales in the area of similar homes.  It is difficult for them to take into consideration variables like location, condition and upgrades.  Do not be that concerned about the value.  It is only an estimate and can be as much as 20% off, high or low as per Zillow FAQ's.

If the property is for sale, the home is worth what a willing buyer & a willing seller agree it is. 
That is the Market Value of the home.
 
You need a Realtor or an appraiser to help determine in what price range the property is expected to sell.  Realtors will give you a market analysis free in hopes you will use them to sell the home.
In the end, the seller sets the price, the buyer says yes or no.
 
If your buyer is getting a loan, the buyers lender will require an appraisal.  That appraisal is that one persons opinion of the value of the property on the day of the appraisal.  The bank will rely on that appraisal and their lending guidelines.  If the appraisal is low, the buyer and seller must negotiate the difference.
 
Remember, appraised value may not be market value.
 
If you are doing a refinance, it is worth what the appraiser says it is. 
Appraisers do not use the Zestimate number in their opinion of value.

If you are buying or selling, you need to have a professional Realtor give you a complete Market Analysis of active, pending & sold homes in your area that are similar.  Then you will know what the market value is.

Contact me if you need a referral to a good Realtor in your area.
Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® Lic #00476662
Taylor Place Real Estate, Carlsbad CA
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April 04 2010
 
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How can I find the current value of my home?
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Latest answer by real estate mike
April 04 2010 | 2 answers
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