Profile picture for borderline4life

Is it possible for me to find out fair market value of my home from november 2008?

  • October 12 2011 - Belmont
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Answers (5)

Profile picture for Blue Nile
If all one needs is a "ball-park trend"; Zillow's local info pages provide some good market trend data going back 14 years.  Here is the median trend for Belmont:



(The Excel data file is also down loadable from the local info pages).

If you know the present market value, you can extrapolate an approximate value for the month of interest using the trend data.
  • October 12 2011
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Our MLS system will go back 4 years so I would check with a local realtor and find out how long their MLS has access to sales and if they can go back to the year in question an agent should be able to give you a good price for the home.  The appraiser is the best option; however, it does costs several hundred dollars and most agents offer this service for free.
  • October 12 2011
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Profile picture for Blue Nile
That is what appraisers do for a living... the IRS often needs a record of fair market value at time a property was obtained for capital gains taxes (or depreciation...), or the time of a death for estate taxes...  And then there are also the divorce and other legal issues where a professional opinion of fair market value is needed.  (Not the opinion of a licensed sales person).

Contact some appraisers in your area.  Vince has posted some suggestions on where to look for appraisers a few times too.
  • October 12 2011
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You could have an agent run comps from Nov 2008 to present. This would give you a good estimate.
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Unfortunately, not really. I can often figure a fair market value from a year of less ago, but the MLS system I and appraisers use generally won't let us go that far back.

You could go through the public records on the county assessors site and pull homes around your house that sold that year, then figure the value of your house at that time. You'd probably be about as accurate as the average appraiser too.... but that will be tedious.

Wish I could help more.
  • October 12 2011
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