How can you find the fair market value of a house?

Answer 1

There are generally 4 opinions of value on any given home, yours, the buyers, the agents, and the appraisers. The first 3 are valuable but the 4th closes escrow. A buyer can share your opinion of value and fail to close if your both too high. Agents are famous for overpricing to get a listing, then lowering price. Buyers get their opinion of value built looking at similar homes in your area. So, that said you can look at similar homes for sale close by and objectively compare features and condition. Theres where you will likely attract a buyer who will view your home as priced correctly. Call your local title company and ask them to send you comparable sales data on your home. Price sells and too low sells fast, ask the agent how fast their last 3 listings sold. If their answer seems too quick then they likely lost their sellers a lot of cash by underpricing. To get the best price get the home market ready and remove all clutter, hide valuables and prescription drugs.

Answer 2

DO NOT USE ZILLOW.COM!!! Horrible service. I own 6 properties and it didn't come within 20% of the actual value of any one of them - it rated 4 higher than they were worth and the other 2 lower. It's ridiculous.

That being said, call a Realtor (or 2 or 3) and ask each to come out and give you a market analysis. It's free (and if any agents tell you it's not, tell them to forget it).

The other option is to call and pay for an appraisal. This will be the most accurate representation of the value of your home. Keep in mind that Realtors do use a lot of the same information for their market analysis, but we won't guarantee the value we come up with - it's an opinion - whereas an appraiser is giving you a guaranteed value.

Best of luck!

Answer 3

In my section, the taxable cost is oftentimes under the assessed cost on the tax information. And the assessed cost is oftentimes under the uncomplicated marketplace cost. you have the skill to seek on the appraiser's web site for contemporary sales interior the section to be sure what comparable properties are advertising for. look for an identical 12 months geared up and living sq. photos and for properties that have bought this 12 months. this could provide you a reliable indication of what a uncomplicated marketplace cost of the domicile in conventional situation could be. when you have appeared on the valuables, you will be sure what the maintenance will cost you and take that off the FMV. the less complicated thank you to discover the uncomplicated marketplace cost could be to touch a Realtor on your section and ask him to do a CMA in this sources for you. Many will can charge for this provider yet they have a much greater useful concept of what to look for while looking comparable properties. If the home is listed with an agent, you'll have your person agent to symbolize you besides and that agent can provide you the main suitable factors of alternative comparable properties that have recently bought.

Answer 4

If you want a general range of value for your property you should consult a realtor who will prepare a CMA and show you the comps in your area. If you want a speific value you should get an appraisal done. The appraisal will take into consideration square footage, location, #of bedrooms etc.

Answer 5

You have three real estate agents give you a market analysis of your house. This is free. This should give you a good idea.

Answer 6

Realtor.com has a section where you can do some checking. Best to ask a realtor for this information. It is a free service.

Answer 7

There's a website--zillow--I've checked out that tells home values and other neat stuff. You don't have to pay fees or join or anything, either, which is nice.

Answer 8

Go to 3 agents and ask them to appraise you home for sale and then discount by 10%...it will give you a rough guide.

Answer 9

try http://www.zillow.com