Zillow Advice: Mortgage - how do i find out value of a home before i make an offer http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ Zillow Advice | Zillow Real Estate Your professional Realtor ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ Your professional Realtor should provide a CMA (Market Analysis) to you. &nbsp;It will show recent activity in a small market area around your target home. &nbsp;Your Realtor will also help you analyze the area (schools, transportation, etc) as well as show you trends for that market. Wed, 26 Jun 2013 17:36:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T17:36:00Z As a Realtor I can help you ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ As a Realtor I can help you in this process. I can create a Comparable Market Analysis for you, as detailed or simple as you need it to be. I can help you understand what has sold recently in the area of the home you are interested in, how the houses conditions compare to the home you are interested in, and give you further information for how much competition you may have for getting the home. There are many qualified buyers getting into the market now. If you need someone to help you navigate every step of the way, [content removed due to self-promotion and spam. Please refer to our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for more information.] Wed, 26 Jun 2013 17:13:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T17:13:00Z First step, I would have ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ First step, I would have your agent check the last 6 months sold comparables for you to determine market value.&nbsp; I would then ask them to find out the list-to-sale ratio for neighborhood as well as the average amount of seller concessions for the neighborhood so you'll know how much sellers are generally conceding for purchasers in a negotiation.&nbsp; I would ask your agent to find out the absorption rate so you will know how aggressive you can be with your offer based on how quickly the inventory is moving in that neighborhood/market area. I would then want to find out the amount that seller paid for the home as well as any money that they have put into it.&nbsp; I would also look at the mortgage records to try to ascertain how much debt is currently attached to property.&nbsp; Armed with this info you should be able to work out a good of a deal as possible.&nbsp; Good luck :) &nbsp; &nbsp;&nbsp; Wed, 26 Jun 2013 17:13:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T17:13:00Z Your agent can pull up comparable ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ Your agent can pull up comparable sales(comps).<br/>You are using an agent, aren't you?<br/><br/> Wed, 26 Jun 2013 16:50:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T16:50:00Z Get a market assesment. This ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ Get a market assesment. This can be done by most realtors in your area. Wed, 26 Jun 2013 15:31:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T15:31:00Z This is something a Realtor ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ This is something a Realtor does all the time for thier clients.&nbsp; If you want to do this your self please be careful because many of the public resources are inacurate in Texas because we are a non disclosure state.<br/><br/>If you do not have an agent representing you then you might think about it .. the long and short term benifits more than make up for someone telling you how you should proceed.&nbsp; Also remember the seller normally pays for the agnets services to you.<br/><br/>Bruce Wed, 26 Jun 2013 14:37:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T14:37:00Z This is the most important ... http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ This is the most important role your Realtor will play in the purchase process, help you with the amount to offer.&nbsp; Your Realtor should be able to pull comparables&nbsp; on the home to determine how it's priced compared to similar homes in the neighborhood.&nbsp; Together you develop a strategy on the offer.<br/><br/>Naima Wed, 26 Jun 2013 08:34:00 GMT http://www.zillow.com/advice-thread/how-do-i-find-out-value-of-a-home-before-i-make-an-offer/499038/ 2013-06-26T08:34:00Z