We're purchasing a home in the Akron, OH area, but our mortgage approval at this point will be based on what the other homes in the area have sold for, even though our offer is below the appraisal. With the housing bubble deflating the way it has, that doesn't sound so good.
2006-09-30 16:05:42 · 4 answers · asked by CE S 3 in Business & Finance ➔ Renting & Real Estate
http://www.zillow.com/
2006-09-30 16:09:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
if you haven't used a realtor, then you can go to the city or town hall and ask to see the latest home sales in the area. sometimes the local paper prints what homes have sold for and when. what you're looking for is called a CMA, or, Competitive Market Analysis, and any real estate agent worth his or her salt would be glad to provide you with one. i wouldn't worry too much if i were you. this lil lag in sales is very short-lived. if your offer's below appraisal, i'd have to ask, who did your appraisal? that info right there is actually your answer, depending on when the appraisal was done.
2006-09-30 23:10:35 · answer #2 · answered by vrandolph62 4 · 0⤊ 0⤋
Your county's property appraiser's website should have a listing of addresses with details regarding the property including selling price, dates, names, etc. There should be a link on there that you can search "similar sales" or "recent sales" in the same community. You can see for how much & when the current owner bought the house you're interested in.
2006-10-01 10:57:37 · answer #3 · answered by Studio7 2 · 0⤊ 0⤋
OK, here it is .. use this link to get the approximate value:
http://www.zillow.com/
and this link will also give you an approximate value with comparative home sales:
http://www.realestateabc.com/home-values...
Hope that helps
2006-10-01 00:07:13 · answer #4 · answered by MeInUSA 5 · 0⤊ 0⤋