Home Property Valuation Discovery

October 7, 2008 at 4:00 pm Leave a comment

How much is your property worth? In today’s housing market, there are many people seeking an answer to this question. Don’t worry, you aren’t alone!

Homeowners seeking to discover the value of their property have three main options for finding the answer:

  • Call a local real estate agent for a Comparative Market Analysis (CMA)
  • Schedule a professional appraiser to conduct a home appraisal
  • Consult a website like Zillow.com for an online home value estimate
CMA’s are provided for free by real estate agents, whereas home appraisals usually cost a fee of about $200.00 or so.
When an agent or an appraiser is finished with their analysis, they should have similar dollar amounts for your property. With the information either one provides, you will have a much better idea as to how much you should ask for when you put your house up for sale on the market.
Not anticipating having to sell your house? Another good reason to determine how much a property is worth, would be to refinance a mortgage on a home. Written documentation of the true value of a home is required for refinancing.

When you ask how much your property is worth, you can also consult a website. One advantage of getting your home value this way is the fact that you never have to leave the comfort of your home. At the same time, everything can be done in privacy at your computer. Online tools are very useful, but often aren’t as accurate as meeting with a real estate agent or having an appraisal done.

It is up to the individual person when it comes to answering the question how much is my property worth, but with online tools often being inaccurate and appraisals costing as much as $200, getting a CMA from a local real estate agent seems to be the best option.


Entry filed under: Home Values, How Much Is My House Worth, What's My House Worth. Tags: , , .

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