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How do I find out how much my property is currently worth?

I was hoping someone can help point me in the right direction so I can find out how much my house is currently worth?
  • March 18 2011 - Fountain
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Answers (11)

Contacting a realtor like myself is the fastest way to do this. I can do a cma for your property and email it over to ya..


Matt
  • November 16 2011
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I always start by considering what the county believes a home is worth, in other words, the value on which the county assessor is charging taxes.  That is just a starting point. It has been my experience that tax assessed value is oftentimes inaccurate.  Next, I would ask a few Realtors® to prepare comparative market analyses (CMA). At their essence, CMAs consider the average price per square foot in a given area, and then make certain adjustments for lot size, condition, year built, etc.  If those CMAs are all in the same ballpark, then I begin to feel more comfortable.  If the tax assessed value and the CMA values are wildly divergent, then I would consider paying for an appraisal.
  • April 13 2011
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Profile picture for sunnyview
Kevin, you might take time to read the policy against self promotion on Zillow here. Generally phone numbers are on your profile page. Hope it's useful.
  • March 27 2011
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We are agents in Colorado Springs, and would be happy to do a free market analysis for you, with no obligation. While an appraisal will give a definitive value, it will cost hunrdeds. Our market analysis will be based on what has currently sold, and will give you an idea of what homeowners are currently asking for in your area. Thank you, Kevin [contact info removed by moderator]
  • March 21 2011
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Profile picture for matt85203823
The best way to determine your home's value is to compare it to similar sold properties in your neighborhood.  Normally an appraiser or a broker will look for similar style homes ( ranch, two story, tri-level etc ) with similar square footage and age to compare your property to that have sold in the past 3 to 6 months.  When they find the three best comparable properties to yours, they will then make adjustments for condition, garage spaces, basements, finished basements and location.  If your home is in excellent condition with newer paint, flooring and appliances, then it will adjust your price upwards.  If your home backs to a major road or busy intersection, then they will deduct from the price. Determining the value of a home is more of an art than a science and getting a valuation from an appraiser or agent that is very familiar with your neighborhood will increase the accuracy of the valuation.  When getting a valuation in order to sell a property, a professional will also consider current active listing similar to yours, pending and under contract homes along with days on market statistics in order to determine a price range for the home for sale.   Best of luck to you.
  • March 18 2011
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Contact any agent that is familiar with the area you live in. They should complete a Competitive Market Analysis (CMA)/ Price Trend Analysis (PTA) on your property. The results of the analysis will give you an idea of what price your property should be listed at today, based on the market trends of comparable properties in your area. 

  • March 18 2011
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In add to the wise advices, if you just curious to know your home value, you may click on the 'Homes' tab, type the property address in the address box then hit the 'GO' button, and click on the 'Create estimate' link on the property detail page then click on 'Choose Comparable Homes' link to pick the good Comps to get more accuracy. However Zillow's estimate has the tolerance of +-15% or more from the market value.

  • March 18 2011
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Depending on the purpose of the evaluation you should contact a local appraiser or an agent.  Get referals to find good ones!
  • March 18 2011
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Contact a local agent, and talk to them about the current market value of your home is, or ask for a CMA. Most agents will be happy to do this free of charge. 
  • March 18 2011
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Contact your local Real Estate Office and ask for a Realtor to give you a CMA (Comparable Market Analysis) on your home. The stats on the CMA will show Active and Sold listings in your area. Plus, there is no Obligation or Cost from the Realtor coming out to do the service.
  • March 18 2011
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An appraisal will help with that.
  • March 18 2011
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