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how do i find the equity on my home

location is in bedford stuyvesant brooklyn, ny
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June 12 2013 - Bedford Stuyvesant
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Just note that a realtor's comparable market analysis (CMA) is not the same thing as an appraisal. Here's a distinction, per icloud CMA

A real estate professional may prepare a comparative or comprehensive market analysis (CMA) for their sellers to help them choose a listing price. The CMA includes recently sold homes and homes for sale in the seller's neighborhood that are most similar to the seller's home in appearance, features, and general price range.

Although the CMA is used to help determine current market value, it does not establish the seller's home value.

Unlike the CMA, a bank appraisal is a professional determination of ahome's value. A licensed appraiser, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac, performs it.

Good luck.
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June 15 2013
Schedule an appraisal. This is the most accurate method of figuring your home equity. Determine market value with help of a real estate professional who can provide evidence of comparably priced homes. Contact your lender for the information on the amount of money owed on all loans. Subtract money from home value for equity.
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June 15 2013
Equity = Current appraised value - What you owe on the property.
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June 15 2013
You could also have a Realtor do a Market Comp on your property to see what value you have there!  You can even use this if you need to prove property value to lower the taxed amount!.  
Hopefully this helps!
Contact me if you have any further questions or Realtor in your area! 
Trish Thompson
Re/Max!
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June 12 2013
You have to get an appraisal or you could contact a lender and have an AVM done. Are you looking to refi or just sell the home. In some cases, when you refi, equity is a non-factor. Contact me if you have questions.
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June 12 2013
 
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