Profile picture for stamp12

What is the best way to determine the value of my home w/o having it appraised

I would like to refi but, not sure of the value today.  In 2007 value was 200K
  • October 18 2010 - Springboro
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Answers (11)

For just a few bucks you can find this information by yourself. LINK

Happy funding, Rudi
  • October 20 2010
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Profile picture for Tim T Wells
Another good idea might be, is to call your current mortgage lender. They may have a value of your property in their system. For some of the Fannie/Freddie loans some lenders might have property value in their system.
  • October 20 2010
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Look up comparable sales in your area. Do not forget to use bank owned and forclosed properties. They do have an impact on the value of your home. You could also ask a respectable Real Estate Agent in your area to do a CMA for you.  If you are thinking od listing your home this is a customary service done by Agents to figure out what to list your house for. Start interviewing Agents and Good luck
  • October 20 2010
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Here in Houston we are lucky enough to have HAR.com, where anyone can look to see what price other homes in their neighborhood are listed for, and in what price range recent sales have sold for.  In every other market, real estate agents have access to similar information.

Other than sites like zillow.com, you can access your county's appraisal district's website to see what your county's appraiser has valued your home at.  A general rule is that the county should value your home at about 90% of its actual value.....  while you are at it..... make sure you aren't paying your county too high of taxes!  You are taxed off that value.
  • October 18 2010
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Averaging values only works in a flat market if your home is very average for the area, but you will still get a value similar to Zillow...

http://www.zillow.com/

So just use that, or eppraisal.com or Cyberhomes.com ...I did a comparison here of my home, FYI.
  • October 18 2010
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A decent Loan Officer will know whether or not you are wasting your time. How much money did you put down on the home when you bought it?
  • October 18 2010
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Contact a local expert realtor one familiar with your area have him do a comparative market analysis. Using comparable homes within a half a mile radius that have sold within the last 3 months. hope this helps....
  • October 18 2010
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Profile picture for x88
The best way to determine it is the actual appraisal for the refinance you want to do. Looking at the most recent sales of comparable homes in your area will give you an idea, but there are so many variables.  The time factor is important.
  • October 18 2010
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If you are serious about selling in the near future the only way to determine a value is to get an appraisal. That is the same process the lender will use to estimate what it will lend to a buyer. Any other method in this market is a recipe for failure
  • October 18 2010
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Profile picture for stamp12

I understand that.  I thought maybe I could take an average of home sales in my area with similar SF, beds and baths over the past so many months to get an idea of where I may be.   Just thought there may be a way to get an idea of where the value may be today. 

  • October 18 2010
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It doesn't matter what value you get...The only value that will matter is the one arrived at by the appraiser.
  • October 18 2010
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