Profile picture for rickyoak

How do I find out what my property is worth?

  • March 14 2011 - Riverside
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Answers (21)

Profile picture for sunnyview
Getting more than one CMA and averaging them is really good idea. It is a good way to look at the available comps and recent sales for yourself.
  • February 04 2012
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Profile picture for NileMorin
Go to the Professionals tab on Zillow, read the reviews, choose three Realtors that appear to be reputable, and request CMA's on your home. Average the three suggested numbers and you should have a pretty good idea. If you have no intention of listing your house for sale, ask your local bank for a list of reputable appraisers.
  • February 04 2012
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Profile picture for Caveat Emptor
take what you bought the home for
multiply it by 3% for every year you owned the home
reduce the price by 12% to 18% to 30% (for homes purchased 10+ years ago or since 2009, reduce to 2%, 8%, and 20%)


(eg 300k in 2004)
NTestimate 302,548
NT value range 258,273 to 324,686

(eg 300k in 2008)
NTestimate 268,810
NT value range 229,472 to 288,479

(eg 300k in 1988)
NTestimate 544,709
NT value range 473,660 to 580,233

the NTestimate is for diversion purposes only, it is not meant to be used as evidence in financial transactions, to obtain financing or ... fill in the blank
  • January 25 2012
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Contact a FULL TIME REALTOR.  They should perform a comparative market Analysis.  If your home is in place where there hasn't been any comparable sales in last six months.  I always recommend an appraisal from a license Appraiser.  This will cost $300+ (In Texas) But it will give you peace of mind, it's also great for marketing, and your going to need your home to appraise anyways.  If you price to high it won't sale and you'll have chase the market with price drops unless your in a Seller's market.  If you price to low, your leaving money on the table.  Get a CMA or an Appraisal it's worth it!
  • January 25 2012
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Contact a local Realtor and ask for a CMA.
  • January 25 2012
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How do I find out what my property is worth?

The best way is to pay for an appraisal.
Next would be to ask a Realtor or two to do a CMA for you.
after that you can check on zillow and get a machine type estimate.

Generally speaking it is very easy to get an idea.
Keep in mind you property is only worth what you are willing to sell it for along with what a buyer who has the money is willing to pay for it.

This is why lenders use appraisers.

  • October 18 2011
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Hello Ricky,

I would not consult a Realtor for a home valuation. The buyers mortgage lender is going to be the ulitimate deciding factor on what your home is worth. With that in mind, I would speak to a local appraiser. In situations where I have sold a property, I always have an in house appraiser give me good solid comparables for the property that is going to be listed.
  • October 14 2011
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I think you should talk to your local Realtor in your areaand they will do a CMA report for you.  The report shows you what is for sale, pending and settled properties in you area.  Good Luck!

  • June 21 2011
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Profile picture for P Banks
I'm not to far from you. I'd be happy to help you figure out the value of your home. Please contact me anytime  [edited by Zillow moderator to remove contact information. Please refer to Good Neighbor Policy].
  • June 02 2011
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To find out what your property value is you need to hire an appraiser.  If you are looking to find out an opinion of what your home will sell for in today's market contact some local agents and request a CMA.
  • May 16 2011
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Profile picture for ssfields1
Zestimates and Tax Valuations can be very unreliable since they take too long to respond in a quick market.  Have a realtor peform a CMA or find one that specializes in BPOs(Broker Priced Opinion).  Also, you can just get an appraisal.  The mortgage companies utilize both BPOs and Appraisals so that their true values reflect the current market.
  • April 08 2011
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Profile picture for FirstTimeForcloser11
Just go on ZILLOW and find homes that have the same square footage in your neighborhood and built in the same year or style of home. Watch out! Because if any homes in your area, which are similar to your home and have been foreclosed through HUD you may get a shock to find out that you home is now worth 40% or 50% less than the mortgage!
  • April 02 2011
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Check out www.homesalesinmyarea.com You can get information via email in minutes. I hope it helps. Make it a great day!
  • March 31 2011
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You should contact your local real estate agent to find out how much your property is worth.
  • March 25 2011
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I agree with Ashley and Simon - there is no need to call an agent to find out what your home is worth.  Although agents do value estimates to support a recommendation for a selling price or an offer price, appraisers are much more qualified to tell you what a property is worth.  If you sell, the buyer's lender will use an appraiser's value to qualify the buyer for the loan, not a value set by the seller's agent. 
  • March 25 2011
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Contact your local Real Estate Professional specializing in your neighborhood. They will have the knowledge and expertise for you.
  • March 23 2011
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Broker/Agent can provide you with a CMA based on the last twelve months of market sells for opinion on your property for stating the sales process.  An adjuster report is more detailed and generally required for the buyers  during mortgage leander for loan approval which includes age of roof, condition of paint and general upkeep on your home along with other items.  So you can start the sell process of your home with an agent and wait for the adjusters report once later in the process.

  • March 23 2011
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Like everyone else, I would say that if you are just looking for someone's opinion of what your home is worth in order to get a feel for the ball park range then contact an agent.  If you are looking for actual property value then contact an appraiser.

  • March 23 2011
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Call a local Broker/Agent. They will assist you at no charge unlike a appraiser and give you current comps of what has recently sold and what is currently on the market and how yours compares to these properties.  They will take the time to share what you can do to get the maximum dollars out of your home when you go to sell and they will keep you up to date as to where the market is going as it changes weekly.
  • March 23 2011
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Profile picture for Mills Realty
To find out what your property value is you need to hire an appraiser.  If you are looking to find out an opinion of what your home will sell for in today's market contact some local agents and request a CMA.
  • March 14 2011
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Ricky Oak,

You can contact any Real Estate Agent to assist you with your property value or you can go here:[link removed by moderator]

Thanks
  • March 14 2011
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