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Kenny Cravens's Advice

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Kenny Cravens wrote:

Property Value decreased 21% in past month

Answer
Your best bet is to rely on LOCAL Realtors and appraisers.  Not to downplay what Zillow does, it is just impossible for a worldwide website to know the local market and what something is worth.  Coldwell Banker recently released a market study showing the average price of a 4BR, 2BA home in over 2300 markets, maybe Zillow is using some of that research to re-calculate home values in certain markets.
June 20 2011
(0)

Question for the agent.Ty all for response

Answer
The first question would be, "what time frame is your agent giving the sellers to respond?"  It's not out of the question to put 48 hours or less on receiving a response from the sellers.  If you don't hear back in that time frame it's time to call and ask why.  Then, tell the sellers agent to give a counter offer and go from there.  Remember, it's not where you start, it's where you end up.
June 07 2011
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how can I get an estimated value on a home I own?

Answer
Realtors are always ready to provide a free market analysis on properties, just contact a local realtor and ask.  You could also pay to have an appraisal done, but you'll be out several hundred dollars.
June 07 2011
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