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Answers (5)
- David Mayes, "MVHomesExpert"
- Contributions:3
Hi Wendy,
Home values vary according to who is looking at your home:
A Taxman might look at your home and think it is a mansion
A Lender might look at your home and think it is small home
A Buyer might look at your home and think it is home that is falling apart
An Investor might think it is worth that of a dog house
Home values are based on size, location, condition, improvements and what similar homes have sold for in the area.
MVHomesExpert.com
Home values vary according to who is looking at your home:
A Taxman might look at your home and think it is a mansion
A Lender might look at your home and think it is small home
A Buyer might look at your home and think it is home that is falling apart
An Investor might think it is worth that of a dog house
Home values are based on size, location, condition, improvements and what similar homes have sold for in the area.
MVHomesExpert.com
- wendybern
- Contributions:3
Dear Craig:
Thank you very much for your offer, and I will let you know my decision based on the outcome of a job opportunity that I am seeking.
Best,
Wendy
Thank you very much for your offer, and I will let you know my decision based on the outcome of a job opportunity that I am seeking.
Best,
Wendy
- Marney Kirk, "realtormarney"
- Contributions:251
Wendy, the only true way to find value is for someone to view the property and compare to other similar homes.
Zestimates are not very reliable -- they are often off by a large percentage in Maryland.
If you are thinking of selling, then your best bet is to contact a real estate professional.
If you are considering a refinance, then a mortgage person is your best bet -- they will order an appraisal to help determine value.
A brief competitive market analysis can be done just by pulling your home & ones like it so you have a large range of value. If that sounds interesting, please let me know.
Thank you!
Sincerely,
Marney Kirk
Keller Williams Excellence Realty
Zestimates are not very reliable -- they are often off by a large percentage in Maryland.
If you are thinking of selling, then your best bet is to contact a real estate professional.
If you are considering a refinance, then a mortgage person is your best bet -- they will order an appraisal to help determine value.
A brief competitive market analysis can be done just by pulling your home & ones like it so you have a large range of value. If that sounds interesting, please let me know.
Thank you!
Sincerely,
Marney Kirk
Keller Williams Excellence Realty
- scubacuda
- Contributions:44
wendybern, there are roughly three ways to evaluate a property:
(1) cost approach
(2) comparable sales approach
(3) income approach
(1) determines how much it would cost today to build, (2) compares properties with other similar ones that have sold, and (3) determines how much rent you expect it to produce.
Chapter 3 of this book goes into these details ad nauseum (lots of examples, sample paperwork, etc). Sometimes you've got to do all three ways and compare, and doing this rigorously yourself is a good way to ensure that someone does not lowball you.
Investing in Real Estate
Gary Elred
http://tinyurl.com/28n5tby
Or you can contact Mr Fauver and/or other REAs offline. LOL
(1) cost approach
(2) comparable sales approach
(3) income approach
(1) determines how much it would cost today to build, (2) compares properties with other similar ones that have sold, and (3) determines how much rent you expect it to produce.
Chapter 3 of this book goes into these details ad nauseum (lots of examples, sample paperwork, etc). Sometimes you've got to do all three ways and compare, and doing this rigorously yourself is a good way to ensure that someone does not lowball you.
Investing in Real Estate
Gary Elred
http://tinyurl.com/28n5tby
Or you can contact Mr Fauver and/or other REAs offline. LOL
- Craig Fauver, "Realtor_DC"
- Contributions:38
Wendy, I'd be glad to run a free CMA for you, please shoot me an email to [e-mail address removed by Zillow moderator] .
how can I find the value of my home?
brentwood,
md 20722-1934
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