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Profile picture for garygarjar

how can i find out what my property is worth?

address is 1211 w. 84th st   los angeles,ca. 90044
  • March 14 2010 - Los Angeles
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Answers (9)

Contact a local realtor and he or she will be able to provide you with the CMA for this property.

Thanks
  • March 04 2011
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Contact a local realtor --like myself. You may receive an estimate of value through email. Thanks.
  • March 04 2011
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Profile picture for Mills Realty
The easiest way is to contact a Realtor and have them give you a CMA.  It doesn't have to be a local Realtor as everyone has access to the MLS information.  Get a few opinions and you will have a good idea of what your property will sell for on the open market.

Simon Mills
Mills Realty
  • June 24 2010
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Hi Gary,
Send an email request for a CMA is all you need to do.
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  • May 01 2010
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Gary,

Good Evening.

Most of the answers below are rock solid. Asking a local agent or agent for comps will give you a good idea of what you might be able to sell your
property for. I would have a list of the pluses and minius, so the agent can fine tune the results.

I hope that helps.

Have a BEAUTIFUL night.

-Shawn
  • April 26 2010
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I recommend that you contact a local real estate professional and request a CMA (comparative market analysis) to get an example of value.
  • April 26 2010
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Profile picture for Mr Bling Bling
what is my home worth
  • March 16 2010
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Comps range for your home from $190,000 to $275,000. The Zestimate of your home of $223,000 looks a little low, probably because of a mild upsurge in values in your area due to favorable interest rates. The average sale price for your size of home is around $250,000.

  • March 14 2010
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Gary,

Your home's worth to who?  To you, to a buyer, to the bank for a loan or refi, to the insurance company, to your heirs or to the tax collector?  Each one may have a different opinion of value.  They may all be right.
 
The Zestimate from Zillow is one way to find out.  Go to Zillow.com, click on the "Homes" tab then type your address into the box at the top.  I did and it says $223,000.

The Zestimate is computer model based on the number of actual bedrooms and the square footage as compared to recent sales in the area of similar homes.  It is difficult for them to take into consideration variables like location, condition and upgrades.  Do not be concerned about the value.  It is only an estimate and can be as much as 20% off, high or low as per Zillow FAQ's.

If the property is for sale, the home is worth what a willing buyer & a willing seller agree it is. 
That is the Market Value of the home.
You need a Realtor or an appraiser to determine what range the price should be.
 
If your buyer is getting a loan.  the buyers lender will require an appraisal.  That appraisal is one persons opinion of the value of the property on the day of the appraisal.  The bank will rely on that appraisal and their lending guidelines.  If the appraisal is low, the buyer and seller must negotiate the difference.
 
Remember, appraised value may not be market value.
 
If you are doing a refinance, it is worth what the appraiser says it is.  Appraisers do not use Zillow.
 
The Zillow Zestimate is computer model based on the number of actual bedrooms and the square footage as compared to recent sales in the area of similar homes.  It is difficult for them to take into consideration variables like location, condition and upgrades.  Do not be concerned about the value.  It is only an estimate and can be as much as 20% off, high or low as per Zillow FAQ's.

If you are buying or selling or doing a Loan Modification, you need to have a professional Realtor give you a complete Market Analysis of active, pending & sold homes in your area that are similar.  Then you will know what the market value is.

If you are doing a Loan Mod, you can go directly to the bank or you can go through the government program at www.hopenow.com  

If you send me your e-mail, I have some more info I can send you about doing a loan mod. See my contact info by clicking on my picture.

Contact me if you need a referral to a good Realtor in your area.
Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® Lic #00476662
Taylor Place Real Estate, Carlsbad CA
  • March 14 2010
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