All of the answers given are good responses to your query. Zillow is general and not considered reliable to banks as assured methods of evaluation only guides. Don't give too much weight to this. Your best bet is by a professional and getting more than one opinion will better your knowledge on what the value truly is. Realtors and Appraisers are both professionals and both have licenses to conduct business in their respective fields. Not all appraisers will give you the exact same "opinion" nor will Realtors, but with a few opinions, you'll be better equipped at understanding what your home value is and what the market conditions are. If you have any other valuation questions, feel free to contact me at www.benchmarkappraising.com. The Winston-Salem area is one of my coverage areas as a professional appraiser.
A local Certified Residential Real Estate Appraiser has the license to back up their opinion. They provide a professional opinion of market value and an appraiser is used by all the financial institutions to obtain a market value in order to secure a loan. Start with your local chamber of commerce then yellow pages and then on the internet for your search for a local appraiser. Yes, they do charge, but your getting a highly qualified professional opinion on market value. Good luck.
Your best bet is to hire a Certified Residential Real Estate Appraiser. They have the license, education, and experience to give you their "professional opinion" of "market value". You are in the Iredell county area and your best bet is to look first through your local chamber of commerce because you can be sure a "local" appraiser is going to have very good knowledge of market conditions in your neighborhood rather than another appraiser who may be located several counties away. This doesn't necessarily mean they are less competent, but it give you more assurance that they aren't less compentent. Also look in your local phone book and online appraiser directories. Many appraisers have their listings on other directories and typically have links to the appraiser's websites, which enable you to place orders, or ask general questions to the appraiser. Although Iredell, is NOT in my coverage area, I'd be happy to answer any other related questions you may have. Contact me through my website at www.Benchmarkappraising.com. Hope this helps.
The BEST way to get to your answer would be to hire a "NC State Certified Residential Appraiser". They have the education, testing, experience and confidence to provide a Professional Opinion of Market Value, which is depicted in a report. This report is what Banks and other financial institutions request when a buyer wishes to secure a loan. An appraiser provides an Unbiased opinion. My advice is to secure an appraiser first and get the "appraised value" and then discuss with a bank what that professional opinion is. Some banks will want to hire their own appraiser (typically selected on a rotational selection of a base of appraisers in order to ensure an "Unbiased" opinion of value, but some banks may be able to use the appraisal report you have just gotten. Keep in mind that technically, an appraisal is only good for a specific date, typically the date of inspection, it can be retrospective or prospective(ie: new construction). Keep in mind too if you go this route, the longer you wait to secure a loan or sell a house from the date of appraisal, the less reliable that information (report) will be because the Market is constantly changing. Additional advice, Look first in your local chamber of commercie for Real estate appraisers, your local phone directory or several online directory listings. EY Raper-Benchmark Appraising.
A realtor can give you a comparitive market analysis (CMA) based on experience, an appraiser can give you an "opinion of market value" based on their experience, education, and certified state license that requires a more 'professional" analysis to develop an opinion of market value for your home. When you place your home on the market to sell, the buyer's source of financial loans (banks, credit unions, etc) will typically want a "Certified Residential Appraiser" to put together an appraisal report based on their professional opinion of market value. Keep in mind that every appraiser develops an "Opinion" of market value and one appraiser can have a different opinion than another. But that Opinion is based on their education, knowledge of the local market conditions and confidence in their work and area of coverage and is backed by their State Certified Residential License which requires a lot of education, testing and working as an apprentice under another appraiser for several years so that they can become efficient and knowledgable to give their "professional opinion".Key point here is if you want to know the value, hire an appraiser.EY Raper-Benchmark Appraising
The best way to get to your answer is to hire a Certified Residential Appraiser. They have the credentials, license, knowledge and experience to give you their professional "opinion" of market value. Typical costs vary from state to state and you may want to call around to see what the "competitive" fee is to appraise your home.Good Luck!