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estimate value

How can our home on June 12, 2011 be valued at $272,500 and today (6/15/2011) be at the current amount of $218?????
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June 16 2011 - Bartlett
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Answers (1)

It depends on where you are getting your information. Keep in mind that a market ananlysis is not cranked out by a computer - it is physically put together by a person such as an agent, broker, or an appraiser. A question to ask yourself is: At the times of the different value requests were the people working with all of the same info? Keep in mind putting a value on a property is a subjective process - the data has to be interpreted then a valuation is made. If you are confused I would ask whoever gave you the market analysis to elaborate, show you the data, then finally inform them of the different values. If you want a precise valuation make sure that you are using someone who is reputable and local. Finally, the only way to get the most accurate valuation is to have a professional come to the property. Again, use someone reputable who is from your home market. I hope this helps.
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June 16 2011
 
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