Profile picture for MslaMP

What is the value of my home?

  • December 11 2011 - Miller Creek
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Answers (6)

The amount a buyer is willing to pay for your home. No matter the market, a buyer wants a deal. You can "bracket" the sales range that a buyer will pay based on what similar homes are selling for near you.    

  • December 12 2011
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The value of your home, is what a qualified Buyer is willing to pay for it, after you expose it to the market, as being for sale. The more Buyers that know about it, the better chance you have of getting, a higher price. If you have it evaluated in any other way, the resulting price, or range, is just a guess. Some guesses are more educated than the others. Get several different kinds of guesses.
  • December 12 2011
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I agree with Pat.  Your local real estate agent can give you a free CMA, comparative market analysis.  This is based off of properties that are close in description and specifics to your home, that were sold recently.  There will be some subjective decision that goes into these, as no two homes are exactly alike.
  • December 12 2011
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Profile picture for Mindy Palmer
In Montana, the "Zestimate" is a useless number. Montana is a non-disclosure state and the sale price of homes is NOT public record. Zestimates on Zillow are based on public record data and thus are NOT even close to being an indicator of the value of your home (or for that matter, any home in Montana)

Take a look a Zillow's state reports for sale price and you'll see a bunch of states with no data (including Montana) - those states are all non-disclosure states

http://www.zillow.com/local-info/#metric=mt%3D19%26dt%3D1%26tp%3D5%26rt%3D2%26r%3D102001%252C9%252C43%26el%3D0
  • December 11 2011
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Profile picture for wetdawgs
You can obtain Zillow's Zestimate for your home (at least for most but not all homes in the US) by clicking on "homes" in the top line of this page and then entering your address and clicking on "go".

A Zestimate is not an appraisal or CMA, but a starting point for the value of your home and comparison with other homes.   IMHO, more important than the Zestimate is the Zestimate range.

Please see:
What is a Zestimate?
Zestimate values and Accuracy.

  • December 11 2011
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You should contact a local Realtor to request a free CMA (Comparative Market Ananlysis). That is the best value for you, unless you want to pay an Appraiser for a market appraisal.
  • December 11 2011
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