Anyone know how to find out how much a house is worth or was appraised for?

Question

I'm looking to buy a house but am not sure if I'm getting a deal or if I'd be paying too much. Does anyone know how I can find out how much a house is worth or appraised for? Thanks

Answer 1

Many taxing districts have online sites where you can access this information and it is typically done on the county level. Not knowing where the property you are looking for is located, try searching for "ABC County Appraisal District" where ABC is the county the property is question is located. In that site you should be able to locate the property by the street address or by the owner's name.

Understand that this is a tax evaluation only and the taxing districts do not physically inpect the property too often so this is only really worth giving you a ballpark value.

If you are purchasing a home and not sure what the value of the property is, it's worth the $300 or so to hire an appraiser and get his/her professional opinion. This can be done before you place a contract on the property. He or she will take the condition of the property into consideration and compare it to other recently sold properties in the area.

Answer 2

You have two options. First you could ask a realtor (not the listing agent; a buyer's broker) for a CMA and they will give you comparable homes that have sold in the area; this will give you a range of values. Also, you could hire an independent appraiser to give you a specific value for the property (this may not make sense if you purchase because you will need an appraisal done prior to getting financing). My advice is to use a buyer's broker and get comps in your area; they don't cost a dime and they should show you in black and white if the property is overpriced or not. An appraisal will cost a few hundred dollars.

Answer 3

If you are in US you can access your county tax records for the house and check on the last appraisal of the house.

Answer 4

Call your real estate agent and ask for a Brokers Price Opinion. This will let you know, by comparison of other home sales in the area, the approximate value.

For assessment values, if the county has it online, you can go to www.netronline.com and find your county. Call the assessor ask for the tax ratio and then do the math.

Answer 5

You should be able to inquire with your loan officer & receive a copy of your appraisal. You can also obtain this information at your county clerks office.

Answer 6

www.zillow.com can give you an estimate for the value of a residential property.