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My realistate agent needs to know the value of my home so that i may refinance, could you please hel

  • February 28 2012 - Torrington
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Answers (5)

If your real estate agent is asking that question, I would ask him/her how long they have been a realtor - because, as has been noted by several people on this forum, that is something that they should easily be privy to. I would feel very uncomfortable with the competence of a realtor who asked me that question - unless, of course, you are moving to a new state and they are asking about a property in another state; but, even then, there are a multitude of resources online to help ascertain the approx. value.
  • February 28 2012
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The irony here is that I often tell my clients to call their Realtor before we spend their money on an appraisal. As has been said, they have access to the same data that the appraisers use. 
  • February 28 2012
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Real Estate agents have access to the MLS where they can see recently sold homes in your neighborhood and what current homes are currently listed for.  

If your Realtor can't determine the approximate value of your home, then they are not a very good agent.   That's a very important part of their job!
  • February 28 2012
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I would ask your real estate agent to do a market analysis to determine the current value of your home themselves. When you refi the bank will do an appraisal to decide if they will allow the refi to proceed.
  • February 28 2012
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Your question was cut off, you can hit POST REPLY and complete it. Generally, real estate agents can give you what they feel is the current market value on your home, based on recent sales.

Is an agent assisting you with the refinance in some way? Loan officer or mortgage brokers will usually want their own appraisal.

You can get a zestimate (Zillow's guestimate) here by clicking on HOMES at the top of the page. Then put your address in the search bar, and click GO. A map with a box and your address will pop up, the information you want will be there if available.
  • February 28 2012
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