2006-10-11 10:40:49 · 5 answers · asked by Dave A 1 in Business & Finance ➔ Renting & Real Estate
Depends on what area of the country, and the condition of the house. There are tools at Yahoo! Real Estate which may help you, and realtors will appraise your house for free.
2006-10-11 10:49:30 · answer #1 · answered by my brain hurts 5 · 1⤊ 0⤋
Justin, had the best answer so far. A Realtor in most states Cannot "appraise" your home, only an appraiser can. A Realtor can give you a comparative market anyisis for free. Like Justin said look at what homes in your neighborhood that are selling within the past year and find the ones that are comparable to your home and that will give you a good idea. Use at least 4 comps.
2006-10-11 20:41:14 · answer #2 · answered by lucy luck** 1 · 0⤊ 0⤋
Based on inflation alone (using the Consumer Price Index), in 2005 dollars it would be $219,056.21 (the inflation calculator only went to 2005).
But for real estate, you should just the value it was/is appraised at.
2006-10-11 17:50:21 · answer #3 · answered by nathanm_mn 2 · 0⤊ 0⤋
Find out how much the neighborhood homes alike to yours are selling for. Go to zillow.com. Or, pay an appraiser to appraise it!
2006-10-11 18:35:06 · answer #4 · answered by Justin 3 · 0⤊ 0⤋
$222,869.26 using the Consumer Price Index
$201,082.05 using the GDP deflator
$231,291.26 using the unskilled wage
$272,139.13 using the nominal GDP per capita
$329,466.87 using the relative share of GDP
2006-10-11 17:58:56 · answer #5 · answered by dabler88 1 · 0⤊ 0⤋