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what is our property worth?

  • February 15 2011 - Manakin Sabot
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Answers (7)

Either get an appraiser in who works in your area, Or better still talk to a realtor that specializes in your area. It is extremely important to use a realtor who knows your area intimately.. Ask neighbors, look for multiple yard signs and check your zip code on Zillows agent directory for reviews.
The right agent is the key here.. Good luck. 
  • March 16 2012
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Gary gave the best advise, contact a local Realtor, in todays market some communities are appreciating while others are declining, a local Realtor will be able to explain the current market and look at the most recent comparables. Sometimes certain websites include homes that may have sold in the area but were bank owned homes or short sales, and they may not always be comparable. Hope this helps.

  • March 16 2012
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The current value of you home may depend on your situation and why you are asking. For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes. So, in order to give you the best answer, we need to know why you are asking. -Richard and Janine Kirchnavy
  • March 13 2012
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Contact a local Realtor and ask for a CMA, they will walk you through the sales comparable analysis and show you the latest comparable sales data for homes in your community as it relates to your home.
  • February 29 2012
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Redfin offers sold prices and market trends that you may find useful. Keep in mind that unless you are honest about your property condition you will not be able to come up with a reasonable estimate in value.  If your kitchen still has Formica counter tops and old white appliances then you can not compare your value to the house down the street with granite & stainless steel apps. 

You can also order an appraisal for an independent opinion of the value of your home.

Hope this helps!
  • February 29 2012
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Although Zillow is a fun, consumer friendly tool, it is going to range in its estimates by 10 to 15%.  This could cost you thousands by putting your home on the market at an unrealistic price for the market, as one of the biggest mistakes sellers make is having too much market time, they most always will yield less of a sales price.  I guess in reality it could work against you in the fact that maybe you would list for less if you undersand the philosphy above, again yielding your less.  Best way to determine value is to have an experienced agent, or possibly an appraiser do a market analysis for you.
  • February 15 2011
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If all you're wanting is a zestimate from Zillow, click here for instructions on obtaining it.
  • February 15 2011
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