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How do you figure home values?

Profile picture for cbeckeriii
Zillow has my home value at $124,900.00 for 126 N Lake Cortez Dr Apopka FL.  And yet when I use your own data of 28 homes sold within a mile that are 3 bed room 2 bath I come up with an average of $194,901.25  Please explain this to me in an e-mail responce to carl_h_becker@yahoo.com   Thank You .... Carl
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February 03 - Apopka
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Answers (3)

The market dictates the value. Meaning what similiar homes have sold for in the last 6 months should give you some idea. Look at what has sold in your area. Also, contact your local Realtor. They will be glad to get you everything you need. Thanks
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February 04
Profile picture for FLwaterfrontRE
Value is determined by finding similiar property, generally <1 mi away, similiar sq ft, age, style, condition, neighborhood all factor in heavily.  
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February 04
Profile picture for Jimmy Chickey
The easiest way to find home value is to just ask a local Realtor if they will do that for you.  Most would be happy to take care of that for you. If you say that you are thinking about selling your home they will jump at the chance to help you.  :)

Only local agents will be able to access the MLS data that is relevant to that home.  
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February 03
 

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QuestionHow do you figure home values?
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