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Frank Ferrell's Advice

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Frank Ferrell wrote:

How can my house appraised for $1,700,000.00 in Dec.2008 and you say it's woth half of that.

Answer
It has been two years since your last appraisal. If you are planning to market your home anytime soon, I recommend getting a new certified appraisal to reflect today's true market value--especially if your home has unique features. If you are not selling and wish to have an estimate of fair market value, I recommend contacting a Realtor in your area to provide a Comparative Market Analysis of your home. Best of luck to you!  
November 28 2010
(0)

what is my home worth?

Answer
You can opt for either a Certified Appraisal commonly ranging in cost from $250 to $500 for an average-sized 3/2 home, or contact a Professional Realtor for a CMA (Comparative Market Analysis). In either case, you would want to make sure they research comparable home sales having sale dates within 6 months of the analysis. This will ensure a more accurate valuation of your home in today's rapidly changing market.
December 17 2008
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