i am going to sell some property, but need to have a base to go by.
i am looking to find the fair market value of my property when i acquired it in the year 2005. i don't know if that is public knowledge
so i don't know where to look for it. it is massachusetts property. can anyone help me out? thanks
2007-02-21 06:04:04 · 4 answers · asked by karen i 1 in Business & Finance ➔ Renting & Real Estate
You could look at county records, though that's going to be just the assessors value. I would probably talk to a Realtor. Find someone that you think you can trust and ask them to run numbers for you. Realtors are generally happy to build a relationship because if you initially decide to try to sell it yourself, the odds are that you'll eventually be listing it with someone.
2007-02-21 06:16:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Maybe this will help before spending any money. Go to www.zillow.com and put in the address for the property. It will tell you what it is worth now. Then go to the similar properties in that area that they will give you and see when they were bought and sold and for what price. You should be able to find one or two. Then look up the current value of the similar property to see if it agree to you property value. You're estimate will be as good as an appraiser. Print out youre findings to fall back on if needed in the future.
2007-02-21 06:30:37 · answer #2 · answered by gvh 3 · 0⤊ 0⤋
Contact some appraisers in your area. Did you inherit it or something, and need to figure out what your "base" was at that time?
I would think that an appraiser should be able to do a pretty good estimate of value in 2005. They just compare it to homes sold during that time period.
2007-02-21 06:09:57 · answer #3 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
With vacant land, plus today's abysmal RE market, it is nearly impossible to get any sort of estimate of value that is "in the ballpark" of FMV without hiring an appraiser. If you want to know with any modicum of reliability what FMV might be, get an appraiser. Zoning needs to be researched, and zoning can vary for adjacent parcels, so you are not going to get any useful info from "comparables." Too few comps, and far too many variables when you are dealing with raw land.
2016-05-24 03:12:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋