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how do i find the value of my house?

  • June 14 2011 - Huntley
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Answers (6)

The short answer is talk to a pro who is able to make you feel comfortable with how she arrives at her estimate of value. 

Your timing to sell and current months of inventory can also be very critical in pricing your home. How you intend to present your home is also critical (necessary repairs, staging, etc). Your agent should be able to answer all your questions satisfactorily regarding value and how your home stacks up to specific comparable listings. To be most accurate, you or your agent will have some thorough knowledge of recent sales and listings in the area. If you're in a 3 year old tract-home neighborhood, value is fairly simple. If your home is older, it can be more complicated. If you or you're agent hasn't actually visited the sold homes, it's not necessarily the end of the world. Further sales research can still be accomplished. Also, since markets can change from month to month, at a minimum I like to go "shopping" for a similar home in the seller's price range (active listings ... pending sales are even better). I do this to tweak the recommended list price, expected sales price range, and expected time on the market. It's very important to get the price right at the beginning of the listing because supply and demand has a tendency to monitor itself and missing the mark can be costly. Good question. Valuation is serious business.  
  • September 10 2011
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Through an experienced agent,remember,  agents are in the business to earn a living and will be happy to be of help to you .Please remmber the agent that help you when the time comes to sell.
  • September 10 2011
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Thanks for your question "jpvelaz".

The best way is to have a local, full time, professional Realtor come out and do a "CMA" - comparative market analysis for you.

You can find a good Realtor on Zillow and read past client reviews of them.  If this does not work for you, feel free to contact me and I can refer one to you.

Good luck, hope this helps.
  • June 14 2011
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Mean while if you are still want the Zestimate for your research then click on the followed link for the instruction.
http://www.zillow.com/advice-thread/You-want-to-know-your-house%27s-worth-according-to-a-zestimate/324233/

  • June 14 2011
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Profile picture for AndyLinss
Did you try typing your address in the 'Find Homes' box?  It should bring up a map of your street with zestimates for each property.  If you don't see one for your property but you do see one for others near you, click on your property to see the details.  Zestimates are available based on Tax records, so if your whole neighborhood does not have zestimates, you might be in one of those few townships that doesn't report them.  Please reply to assure that you found what you wanted, or give your address so we can look into it.  Cheers!
  • June 14 2011
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Don't look at the zestimates onthis site. Contact a few agents to doa market analysis. There is no charge. If you want to know in order to refinance then you will eventually need to have the bank hire an appraiser, but first see if the value of the property is greater than the mortgage balance because in the lst 5 years lots and lots of folks have found out that it is not.
  • June 14 2011
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