Profile picture for roskosl

how do i estimate the value of my home?

  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.
October 11 2011 - Wood Ridge
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 (3)

Placing a value on your home is very difficult to do correctly because homes are not a commodity.  That is why automated sites like this have fine print saying the prize range is X% instead of a number.  It is not like gold where you just weigh it and multiply by the amount you own factored by if it is 10k, 18, or 24k gold.

Your tax assessor has one number and Zillow has another.  Hire three appraisers asking them that question and their numbers will each be different too although at least their opinion is specific to the day of the appraisal and the three may still be 10% percent apart!

Real estate value is truly determined by what a home would sell for in a fair market to a ready willing and able buyer.
  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.
October 11 2011
Hi roskosl:

The reason for the estimate is as important as who you ask to do it. Are you looking to refinance your home? sell your home?

Licensed Appraisers charge a fee that could average from $250-$550 for a single family home.  Most Real Estate Agents will do a Comparative Market Analysis at no charge and they'll compare your home to others that have sold in town.

If you'd like to do some research on your own, you can go to www.SoldInMyTown.com to get a FREE interactive home report.  You can even choose how frequently you'd like to update it.

Alternately you can call a Real Estate Agent in your area to arrange a confidential and complimentary Market Analysis of your area and your home.
  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.
October 11 2011
Profile picture for Pasadenan
1) You could hire an appraiser
2) You could ask your insurance adjuster
3) You could look at what your tax assessor provided
4) You could ask some real estate agents to do some Comparative Market Analysis using the recently sold comparables in the area, with line item adjustments for the differences.
5) You can look up a machine opinion of approximate value on a number of sites including this one:

Zillow

Homesand.net

Eppraisal

realquest.com express

cyberhomes.com

trulia

chase

homegain

homes.com

No two opinions should be the "same"... they should all be different.

(The "my estimate" feature on Zillow is temporarily unavailable, and we've been told to expect it back in about April, but the Z-estimate is still being generated for most ownership houses in the U.S.).
  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.
October 11 2011
 
Related Questions
how do i estimate the value of my home?
Profile picture for Jim Paulson
Latest answer by Jim Paulson
October 11 2011 | 3 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. 18 Franklin Ave, Hasbrouck Heights, NJ Home For Sale
    18 Franklin Ave, Hasbrouck Heights, NJ 07604

     For Sale: $242,000

    • Beds: 3
    • Sqft: 990
    • Baths: 1.0
    • Lot: 4034
  2. 115 Walter Ave, Hasbrouck Heights, NJ Home For Sale
    115 Walter Ave, Hasbrouck Heights, NJ 07604

     For Sale: $449,000

    • Beds: 0
    • Sqft: 2234
    • Baths: --
    • Lot: 5702
  3. 51 Jefferson Ave, Hasbrouck Heights, NJ Home For Sale
    51 Jefferson Ave, Hasbrouck Heights, NJ 07604

     For Sale: $669,000

    • Beds: 0
    • Sqft: 3297
    • Baths: --
    • Lot: 6538