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Answers (2)
- Jeff Hahn, "Jeff Hahn"
- Contributions:120
Actually, true market value is what someone is willing to pay for the home, based on the sold comps in it's subdivision with similar amentites, finish-out, lot size, etc...
- Bruce Erickson, "B Erickson"
- Contributions:34
In Texas a Zestimate is not as accurate as it is in other parts of the country because Zillow has limited access to information about other sales in the area. A true market value is really based on your perspective.
As a Seller you would have one value, while a Buyer, appraiser, lenders may all have different values. In the end it is what everyone agrees on together.
If you would like help with coming up with a good market value for any property I would suggest you contact Lisa Lowry an agent with Century Judge Fite Co. She is very good and works in the area of this home. Cell 469-323-6310 or email at lisalowry@judgefite.com.
Tell her I said hello.
As a Seller you would have one value, while a Buyer, appraiser, lenders may all have different values. In the end it is what everyone agrees on together.
If you would like help with coming up with a good market value for any property I would suggest you contact Lisa Lowry an agent with Century Judge Fite Co. She is very good and works in the area of this home. Cell 469-323-6310 or email at lisalowry@judgefite.com.
Tell her I said hello.
If a home is priced at 699K and the zestimate is 577K, what should be its true market value?
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