How do I find the value of my home?

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April 28 2010 - Addison
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Answers (3)

Best Answer
Profile picture for Katja McGorman
There are many ways to do it! Realtor would be most likely the best , but I know that you would probably prefer to get some idea BEFORE you contact one. So don't ask your uncle or your co-workers please.
1. Check Zillow, which is a pretty good INDICATOR, but nothing else than that.
2.Go to the government website in your area (Freedom of Information Act) and check your tax files. Most of the tax info I know has so called FMV = Fair Market Value line with a number which is, in most of the cases in form of a percentage, used for the purpose of establishing the TAXABLE value of your property. FMV is pretty good too, as another indicator of course.
3. Check the SOLD ads in your area to compare the homes sold to your home.
4. Go to "open houses" in your area to compare as well.
5. Check the website of your local Realtor's Association: they have stats, graphs and charts showing the market conditions and values in your area
6. Ask an Realtor to do BPO or CMA and compare to the homework results you have

As much info you have as complete the picture would be.

It is a very simple question but it is a very good question at the same time. I love that a home owner even think about being proactive and do some home work. Clients should understand that we are professionals but we are a team with YOU as well.
You pay based on performance  at the closing and we do many things for you, some you don't even know about or think about, but we love to work on this "business venture" together with you.
Please never forget the you need us and we need you!
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May 01 2010
Profile picture for pltina1
Zillow is a great tool for gauging what your home might be worth.  The best and most accurate way to find the market value of your home is to contact your local Realtor and have them do a market analysis on your home.  No two homes are alike!
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May 01 2010
Contact a local Realtor. They will be able to pull the comps and give you a fairly specific value without having to pay for a full appraisal. Most realtors will do this at no cost.
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April 28 2010
 

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QuestionHow do I find the value of my home?
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  • May 01 2010
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