When selling your home, should you price your property with a refinance valuation?

A refinance appraisal might actually be overinflated. The best way to determine the true value of your home is by asking your realtor for a comparison of recently sold properties in your neighborhood. This will provide a up to date and factually accurate estimate of your home's current market value.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 03 - Almaden Valley
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (7)

Often an appraiser rpt says it all.  That is how much lender is willing to lend not what seller wants to get out. So sold prices and what folks are asking for competing properties are what should be used.

Seller often put too much emotion on their improvement added.

Sam Shueh
Keller Wms Realty
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 15
I wouldn't use a refinance valuation. Getting an appraisal and working with a good agent in the area are key.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
An appraisal and a CMA should actually be pretty similar. Both used recently sold comparable sales. Both should make adjustments for variances. Both are as good as the people who issue them. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
Profile picture for wetdawgs
"A refinance appraisal might actually be overinflated."   Well, this is pretty scary.   This helped many people find themselves even further underwater when they used their homes as piggybanks.  Has the foolishness started again?

A CMA over an appraisal?   over my dead body.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
Profile picture for user6064703
If an appraiser isn't using recently sold comps, what is he or she using?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
Good Morning,

The only way to properly price a property is by using the recently closed comparable sales. Most refinance appraisals use the exact same method as purchase appraisals, except that the appraisers on purchase transactions also review the sales contract to make sure everything is in order. In short, a refinance valuation, if performed by a licensed appraiser, shouldn't significantly differ from a purchase valuation.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
BOOM!  Good question & better answer.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 04
 
Related Questions
When selling your home, should you price your property with a refinance valuation?
Profile picture for Sam Shueh
Latest answer by Sam Shueh
June 15 | 7 answers
I would like to cancel my posting of the property at 1296 Weathersfield Way, San Jose, CA 95118
Profile picture for Sara Bonert
Latest answer by Sara Bonert
November 16 2009 | 1 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 6006 Evanstone Pl, San Jose, CA Home For Sale
    6006 Evanstone Pl, San Jose, CA 95123

     For Sale: $626,900

    • Beds: 3
    • Sqft: 1285
    • Baths: 3.0
    • Lot: 2178
  2. 5613 Crow Ln, San Jose, CA Home For Sale
    5613 Crow Ln, San Jose, CA 95123

     For Sale: $799,000

    • Beds: 4
    • Sqft: 2096
    • Baths: 3.0
    • Lot: 5998
  3. 499 Los Pinos Way, San Jose, CA Home For Sale
    499 Los Pinos Way, San Jose, CA 95123

     For Sale: $739,000

    • Beds: 4
    • Sqft: 1848
    • Baths: 3.0
    • Lot: 5501