how do i find out what my home is worth?

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May 27 2009 - Cal Nev Ari
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Answers (2)

Profile picture for CenturyDan
Are you just looking for a quick estimate? If so the Zillow value might be enough. Click the the "Homes" tab on the top left - type in your address, click on it on the map, and you'll get a detailed breakdown of an estimate value of your property. Past that if you need a more accurate value then consider a CMA (competitive market analysis) from a real estate agent, which invloves pulling up similar comparables that have sold in your neighborhood and then estimating your home's value based off that. It is a free sevice all real estate agents can provide and it is simple for an agent to do with the tools they have access to.

If you need an "offical" value however (for tax assessment reduction, divorce, estate sale, etc.) then I would suggest hiring a real estate appraiser. An appraisal on a house ranges anywhere from $200-$500 but on top of inspecting your home and verfying the sq. ft. the appraiser will drive out to each comparable and do an external inspection to see how similar it is to your property and then make value adjustments for everything that is different. Note that if this is for a loan unless you are getting a FHA or VA loan then your LENDER must order the appraisal - you are still entitled to a copy of the report after it is completed. Hope that helps!
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September 17 2009
Profile picture for Susan_Horton
The easiest way to find out what the value of your house is would be to contact a local real estate agent, who can look in the multiple listing service and find comparables for you and give you a current market analysis.

If you are planning on selling the house yourself, you may want to hire an appraiser to come out and give you an estimate on what your house is worth.

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September 17 2009
 

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Questionhow do i find out what my home is worth?
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