I would like to find out what price houses sold for to compare my house to for appraisal and refinancing nyc?

Answer 1

zillow is zawful! their zestimates, as they call them, can be off by a wide margin. also, they're being investigated by the FTC.

if you're going to re-fi the lender will do the appraisal...

Answer 2

Try using a variety of real estate comparable sites. Zillow, RealtyTrac, Homegain, etc. will give you a basic idea. But these are only basic ideas, and only an actual certified appraisal will give you a current picture of the home's value.

If you're looking into refinancing, the lender you choose to work with will usually require an appraisal and can sometimes roll the cost of the appraisal into the loan.

You may also want to try contacting a local real estate broker for a list of comparable sales. Some may not do this on a goodwill basis, but some will be more than happy to make a customer happy. Actually, most Realtors that you'd ever want to work with would probably provide comparables for you to look at without having to sign a listing agreement or such document.

Maybe you could as friends or neighbors how much properties have sold for in the area, as well. They may know other friends or family members who have recently purchased/sold a home in your town.

But until you have an actual appraisal, you won't have a certified value for the home. Even when you get an appraisal done, make sure to evaluate it carefully and check that the comps used were relevant to your house. You don't want to end up with an inaccurate appraisal.

ForeclosureFish
http://www.foreclosurefish.com/

Answer 3

Zillow is worthless.
Realtors are worthless - they will inflate the estimated value so if you decide to sale your house you will chose them cause they say they can get $$X,XXX,XXX!!! for your home.

Go to your county assessor website and look up closed sales in your neighborhood. You will be able to get the sales price, building square footage, lot size, etc. So you will be able to see what homes are selling for and how your home compares to those sold.

Answer 4

You should consult a friendly realtor. They can prepare a quick CMA of properties that have sold in your area. Also, you can check local papers; I just received a help-u-sell newsletter that had over 50 comps in my neighborhood (Long Island). Also check www.propertyshark.com. It should have comps for NYC in there.

Answer 5

www.zillow.com