- Find a Real Estate Professional
- Alabama Realtors®
- Alabama Mortgage Lenders
- Alabama Home Improvement Pros
- Alabama Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- More
Answers (1)
- Margaret Hickman, GRI/ABR/SRS, "kittenonkeys"
- Contributions:596
Value of a home is calculated by comparing sold properties in the last six months that are similar to yours. A local REALTOR is the best person to do this for you, as he/she will have access to this information through the local Board of REALTORs MLS system. However, you may also hire an appraiser.
Homes similar in age, construction, and size that sold in your area in the past six months are examined for sold price per heated square foot. That gives a price range. Then adjustments are made on the condition, location, and amount of land to arrive at a value the local market will support. Priced too high, you will lose the peak interest period of the first 30 days on market.
Hope this helps you!
Homes similar in age, construction, and size that sold in your area in the past six months are examined for sold price per heated square foot. That gives a price range. Then adjustments are made on the condition, location, and amount of land to arrive at a value the local market will support. Priced too high, you will lose the peak interest period of the first 30 days on market.
Hope this helps you!
what is the value amount on home
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.