Profile picture for user2918753

I am looking for an estimate on the value of my house at this time.

My home is an 1860 square foot ranch built in 1980 with 2 bedrooms, 2 bathrooms, a finished basement with media room, marble fireplace, relatively new roof, wet bar, front and backyard decks along with brick patio in back located at the northern end of Farmington Hills.  Just trying to get a general idea of the value of homes that fit this description.
  • April 28 2013 - Farmington Hills
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Answers (8)

Many MLS systems are using the Realtor Property Resource solution to create great comps, I create mine using square feet, for clients. The RPR solution will also create details about the neighborhood or sellers market and will help with investor purchases. Great tool, it is part of the MLS fees agents pay, and is a great and simple report. Ask for one.

Best of luck to you,
Liz
  • August 16 2013
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About Zestimate
The Zestimate is calculated from public and user submitted data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account.  We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as:

  • Getting a comparative market analysis (CMA) from a real estate agent
  • Getting an appraisal from a professional appraiser
  • Visiting the house (whenever possible)
Your best bet is to have a professional appraisal. The appraisers have gone to specific classes that give the latest tools for evaluation. This can cost typically $200-$1000. A small price to pay for getting accurate information and pricing. Probably the worst thing you can do is overprice your home. If it sits on the market to long it will go stale. It is possible to price your home right, for top dollar and sell quickly. If you want it all then you will need an agent. Agents receive 14% more for home sales than FSBO on average. 88% of all FSBO end up using an agent. All things to consider when your pricing your home.

Good Luck!!!
  • August 16 2013
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Hello,

I am a Realtor who specializes in the Farmington Hills market. I would be happy to assist you in providing recent comparable sales in your area. Feel free to call me or send me an email. Home prices are rising steadily in Farmington Hills and the surrounding area. It's a great time to be a Seller.

John Taschner

313-310-8058
jtmsu@att.net
  • August 14 2013
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Please contact your local real estate agent and request a free home market evaluation.
  • April 28 2013
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I believe your very best course of action is to contact a local Realtor, and set an appointment for them to come out and look at the home.

The value of your home is established by looking at the comparables. "Comps" are homes that have recently sold (last 6-12 months) in the local area (same subdivision if possible) that have the same basic features & upgrades as your own.

But it doesn't stop there. Your lot location can dramatically influence price. Do you back to the expressway, or a beautiful open field of daisies? What about the condition of your home... it is lovingly maintained... or not?

You need a local pro who must see your home firsthand... call Dave.

Best of luck to you.
  • April 28 2013
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Profile picture for Kristin Dack
There are two things you can do. 1. Contact a local listing agent (David below offered to help) and ask for a CMA they will look at comparable sold homes in your neighborhood and give their opinion of value they will be able to provide you with the comparables they used so you can see how they came to their price or 2. Have an appraisal done which would be the most accurate estimate of value they also use comparable sold homes and make calculated adjustments for features to determine value.
  • April 28 2013
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Regarding a Zestimate - There is no way this computer generated system can accurately inform you of what a buyer will pay for your home. There are too many variables not accounted for - especially upgrades, room sizes, floor plan and flow. Also, this info on Zillow that has been gathered by web crawlers is about 70-80 percent correct and that is exactly the info from which a Zestimate is derived. I'll be glad to help you. Feel free to contact me. David Clegg, Hall & Hunter
  • April 28 2013
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Profile picture for wetdawgs
You can obtain a Zestimate by typing your address in the box on the home page and clicking on the blue button.

A Zestimate is not an appraisal but a starting point for comparing homes.   It does not take into account condition (including upgrades, landscaping etc).   You can learn more in "What is a Zestimate?" 
  • April 28 2013
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