I would say that the appraised value giving in zillow are not to be taken as the gospel. If you want an current estimate of the value of your home you should contact a REALTOR. Most of us will provide a comparative market analysis to our clients at no charge. [self promotion and contact information deleted by Zillow moderator. Please see our Good Neighbor Policy]
I would be more than happy to help you project out the average rent in that area as well as help you find and screen renter. Either give me a call and/or send me an email with the details of the property i.e. sq. ft. bdrms bths etc. and I will send you an analysis of what to expect from the property. Regards, Chris Hutchinson REALTOR [contact information and hotlink removed by Zillow moderator]
Where are looking in Dallas County? I will work on a Lease for you. Give me a call and let me know what type of referral fee you want on it. Regards, Chris HutchinsonREALTORThe Michael Group[contact information removed by Zillow moderator]
Give me a call. I am a local REALTOR that is often presented with opportunities in both commercial and residential real estate that are quite often outside of the MLS. I have access to lendors, handymen, and a network of investors that can help you get your start in either buy and hold, or rehab and flip. If you are looking for cashflow opportunities I often work with people looking for houses to lease and offer property management services where I can get you property rented out quickly. If you are looking for a buy and sell. I can help you buy right so you can sell you property at an aggressive price and maximize your return on investment. Let's have a discussion and see if what I can bring to the table is the right fit for you. Chris Hutchinson[website and contact information removed by Zillow moderator]
Renting will be a better option when you are not sure if you will be settling in the area. But owning if a far better long term especially when you are not paying a note and own free and clear. Another scenario where renting is better is if you want to live in an area where property values are very high. You may not have the financial means to get up the down payment but have enough income to rent. In most cases if you can qualify for a mortgage and you are settled in an area you should look at purchasing a home for your long term financial future as long as you do not spend too much on it.
It really doesn't matter what the zestimate says. When you go to sell your house or refinance it a licensed appraiser will use actual homesales in the market to determine the price of your home. Realistically Licesed professionals don't look at this to determine the value of your home at all we look at real time data to give you details on the estimated value of your property.
I agree with Sunnyview. People do the same thing when they see signes in yards that have a house listed for sale. Some people just are curious by nature and will explore because they don't do enough business in real estate to know that it is potentially dangerous.
If you owned the property since 2006 it will depend on what the current value of the property is now but you still have 5 years of equity paid into it and mortgage rates have dropped since then. I would say give your mortgage broker a call and refi it to get you a lower payment. Otherwise the only thing you can do is sell the home. I have a mortgage lender that can help you give me a call if you are serious and I will give you his number.Chris HutchinsonRealtorThe Chris Hutchinson Team[edited by moderator, please do not post your contact information, http://www.zillow.com/howto/GoodNeighborPolicy.htm]
It took me about 5 tries to get something loaded. I have noticed that there has been trouble with other sites as well, it may be that we are having web traffic issue more so than Zillows site alone. It happens from time to time.
Another option for you is a creative finance position. If you seek out some local investors in the area a lot of times they can help you with a seller finance situation. The only issue is that the government just recently made some changes to how seller financing works but savvy investors know the rules and typically can help with these type of situations.