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What's the best way to get F.M. value other than comp's and the expense of an appraisal?

  • March 27 2010 - San Clemente
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Answers (6)

Appraisal is the best way to go, and its only $300 - $365 bucks. Other then that, zillow.com ...lol just kidding

Many lenders have the capability of running a desktop appraisal, you can ask, but I think this still costs the lender around $100 bucks.

Contact a local realtor, and have them run comps. Realtors are nice people and they want to help their community members. Thats a good free way to go.

Hope that helps!
  • March 02 2011
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Profile picture for Jesse Madison
Call an agent and ask for a CMA of your home's value. It's best to get an appraisal to determine value. But if you are going to ask an agent to do a valuation ask them to do a CMA for you with adjusted values. That way you can see how they adjusted values based on the features the comps have.
  • February 28 2011
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Without an appraisal, comps and recent listings in the MLS will provide a good idea. If you wish to contact me I'll be happy to provide both at no charge. .... Happy funding, Rudi
  • March 28 2010
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Profile picture for tonygim
Comps is the only way to determine market value.
  • March 27 2010
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What are you trying to accomplish?  If just interested in value of your own home an appraisal is an option and may not cost as much as a "certified appraisal" as it would not have to meet typical lender/Agency guidelines or requirements. Your Realtor could provide a CMA normally at no cost.  If you are interested in purchasing a property the Realtor could also do a CMA, which is a good indication of current value. If you proceed to purchase the property an appraisal by your selected lender will be required and ordered by the lender.
Many localities have assessed value of real estate on line that may or not be accurate, and Zillow provides similiar information in most areas.
  • March 27 2010
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Unfortunately, there isn't.  An appraisal is going to be your best bet at true value.  Comps, or having an agent do a comparative market analysis is your second best choice.  Beyond that, there's the internet and I would never rely on any of that information for indication of value on a property.
  • March 27 2010
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