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how do I find out what my house is worth?

  • May 14 2012 - Las Vegas
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Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (45)

Profile picture for fharmer
Contact your local Realtor!  We offer free comparative market analysis.  Make sure you get an experienced agent, though. 
 Or you can pay for an appraisal which would run you about $350-$450.  
  • October 14 2014
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Doing your homework to locate a full time (very active in subject neighborhood)) real estate professional (or few) who has HANDS ON knowledge of "current" values and market conditions is a wise move. Seek a thorough market valuation and pay attention to the actual comparable sold data. Appraisals and tax values can be utilized, however, sometimes one, or the other (Or both) can have flaws. Selecting an appraiser not familiar with the subject neighborhood may produce a not-so-accurate appraisal. And tax values can often be high or lower than the true current value.

  • October 14 2014
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A fast and easy way is to review your property tax bill as the county assessor has established value to your property for taxation purposes. The most accurate method would be to contact your local Realtor and ask for a market analysis.
  • October 13 2014
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Profile picture for Ehren Alessi
Visit www.lvhomprice.com. It's a FREE online resource that will send you a comprehensive market evaluation report or otherwise known as CMA. This will be an accurate value for your home.
  • October 02 2014
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If your home is a traditional track home in Las Vegas, then more than just about any realtor will give you
a good idea. There will be many factors involved that might not even have to do with your home. Like what the local market is doing and supply and demand. Sometimes if supply is short people will pay more than what  appraisers say it is worth. Also your reason for listing and the buyers reason for buying will come into play. Read some reviews of past clients and start with a Realtor.

  • June 14 2014
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Profile picture for jcarlough1
Everyone suggests getting CMAs from Realtors and I agree but the only true way to find out is to list it. You will have an answer in less than two weeks. You might not like it but it will be the truth.
  • November 12 2013
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In addition to having a competitive market analysis done, really take note of whom you are contacting.  It is important to find a Realtor that also adheres to your needs as a seller as well. 
  • November 12 2013
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The best way is by asking a few Realtor's to conduct a CMA (comparative market analysis) then marry that up with a Home Appraisal. 
  • October 24 2013
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Trust a Local Realtor that truly knows your area. Looking at recent sales can give you an over all idea, but market reports found online rarely tell the whole story. 
  • October 23 2013
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melinda chan,Zillow does not allow you to post you link etc. They will delete it. Just fyi. I see you are new here so you probably have not ran into this yet. Hope this helps.
  • October 21 2013
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Profile picture for advertiser208
nice aswer form elisse :)

-melinda chan
[link removed by Zillow moderator]
las vegas real estate broker
  • October 21 2013
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Have you had a CMA run on your property yet?
Did you list the home?
  • October 15 2013
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Realtors routinely provide CMAs (Comparative Market Analysis) to potential sellers when they interview to become the listing agent for the property. Many will provide a CMA to promote good will for their business.

CMAs are "broker appraisals". They use the same principles as appraisers, though not as detailed. An experienced Realtor's CMA will be very close to an actual appraisal. It is a comparison of your home to similar homes that have recently sold as well as looking at the marketing activity of competing homes.

Appraisers are held to strict guidelines. If you order and pay for an  appraisal, know that it is only for your information. It can not be used by a buyer for your home to get a loan. Buyer's lenders can have no input as to who does the appraisal and must order appraisals through a "middle man" who has no ties to buyer or seller.

Both CMAs and Appraisals will take into consideration the size of your home, room count, lot size, age and condition and compare to like properties that have recently sold.
 
Zestimates don't filter the properties that are utilized as comparison properties nearly as well so they are often way off. This also goes for the assessed property value for tax purposes.
  • October 14 2013
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Hire an appraiser or second, request a qualified agent who knows the Vegas area and works heavily with potential sellers and can give you direct an insight on what a buyer might pay. The second option is more cost effective. 
  • October 14 2013
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Consider getting a comparative market analysis or appraisal done by a certified real estate professional. Bear in mind that these estimates are based on local sales and prices at one point in time, and may not reflect other issues affecting your home's value.
  • October 10 2013
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To get an idea of the value of your home as well as how long it will take to sell, you can always [Website removed by Zillow moderator. Please see our Good Neighbor Policy for information.]
  • October 01 2013
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Call a local Realtor that you know. We do this all of the time and are happy to help out anyone who ask us. If you don't know any Realtors in your town then you should either ask for recommendations from trusted friends or begin to look around in your area for Realtors who advertise in your area. Its best to get at least two opinions. They will also need to see your home in person to give you a better idea of your homes value once they've seen its conditions and improvements.  
  • September 07 2013
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In order to find out how much your home is worth call an agent you trust and ask them to visit your home.  Better agents will take the time to first visit your home...then return to their office to conduct a market analysis of other homes recently sold and presently on the market.  The agent will the return with the list of homes similar to yours and the prices they have sold for ....a good agent will allow YOU to make the decision of the asking price after comparing the properties to your home
  • September 07 2013
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I would contact several agents and ask for a CMA. It is free and this will allow you get several opinions as to the value of your home. We do this all the time for clients.
  • September 07 2013
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I have to agree with most of the posts below. I take exception with the do not contact a Realtor post as you will get the highest exposure and value when you use a Realtor to market and sell your home. Interview a few agents and select the one you feel comfortable with.
  • September 07 2013
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  • September 04 2013
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Profile picture for Cindi Powel
Call a Realtor in your area and they can do an analysis to give you a good idea of what your house is worth!  It's called a CMA or Comparative Market Analysis and most Realtors will be happy to help you and advise you on how to get your house in good selling condition with some small repairs and changes which will "stage" your home properly for best sale price.  
  • September 04 2013
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Call at least two agents for a market analysis. It is amazing how far off different agents can be in pricing so having two or more opinions is a great idea. Make sure they tour your home as opposed to giving you an idea over the phone because the condition of your home will greatly affect the worth. Avoid online sites that give you general worth estimates- they are usually very far from accurate!
  • September 04 2013
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Ask for a realtor referral from people you know who have used a realtor in the past couple of years. Review each realtors website and talk with one or two of them on the phone about your house and ask for a comparative market analysis (CMA).

The realtors will have a lot of information to share that will be very helpful to you. Pay close attention to the 2-3 homes that are closest to your home in terms of age, condition, features, size, and location. The sold prices will give you a good indication of your homes worth. The results from the two realtors should be very close. If there is a wide variance, the data should be more closely inspected.
  • September 04 2013
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Use the "Find a Pro" Option at the top of the page.  Look for agents with merit badges in your area.  They can provide you with a CMA along with additional advice that can't be put down on paper!
  • September 04 2013
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First, take a look at what Zillow estimates. If you want a more detailed analysis, contact a local real estate agent. Ask them to provide a CMA. Look at the recent sold comps. Take into consideration CMAs do not generally provide a column for condition. Ask your local realtor to rate the properties' condition. I prefer to give each property a letter grade.

A - over built/very nice upgrades
B - standard home depot upgrades
C - original condition .. generally white tile counters in the kitchen
D - distressed
F - property needs to be demolished

... or pay for a professional appraisal.
  • September 04 2013
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Get several different realtors in your direct area to value your home for you, this way you can look at various estimations and not just one.
  • August 29 2013
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Yes, the quick way of to find a local real estate broker - not necessarily a Realtor. However, some Reators will give you a 'high' valuation to get your listing. Then, a month later you get the call "We should lower the price to get some activity".....
I actually was taught this technique at a Keller Williams Training class. However, I've seen that these unethical business practices causes way too much trouble.
Just be smart - it's a big financial transaction, learn up.
  • August 29 2013
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Call a real estate broker as they have the most accurate up to date, and real time information out there.  We do something called a CMA (comparative market analysis) You need to see not only what has sold, but if you are thinking or just curious about selling you home you what to know what your current competition is, what is pending, and how truly how long it has been on the market, statistics on what % they are getting from list price to closed, etc.  

There is so much that is not public or real time for that matter... Call a professional.  Also, some like the idea of professional appraiser, however, they are not on the streets like Realtors, and do not have the same finger on the pulse as an active Realtor.  OH, and it cost money unlike having a Realtor come do it for free.  
  • August 29 2013
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Profile picture for ericiantorno
Call a Realtor and they will advise you.  I recommend calling two or three realtors.
  • August 28 2013
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