 Posted 9/2/2007 7:08:01 PM
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| I live in a subdivision that's only about 5 yrs old. Comps in my area are next to nothing. You won't even find my address on mapquest. I got a Field Asset Report done about 3.5 yrs ago (what a joke), and the Value given was about 20 thousand more than the most recent CMA i got. The CMA was online. No one seems to be able to find me in a data base, and I would really rather not have to shell out for an appraisal. The one 3.5 yrs ago was from my own bank. I priced my home at what I estimate, which is a very uneducated guess. It is a little under what they are selling the new built ones, that are about the same size and style in my area. I'm going to leave the asking price at what it is, because I have gotten a few inquiries, but have stated I am willing to negotiate. Are there any better resources for more accurate values in my situation? short of asking a realtor/agent. Thanks for any help
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Posted 9/3/2007 3:41:39 PM
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| You can find comps for free at zillow.com,,,you type in your address and it will give you either 3or 4 comps and an estimate of what your property is worth. BE
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Posted 9/3/2007 3:43:08 PM
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Posted 10/21/2007 7:52:52 PM
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| Our Atlanta paper also runs the home sales. So look and see if your paper does. It has a house sales listing and we can get them for hte past year online. Also it's public record once it closes so you can go to the deeds dept of your county. You can also go to Realtor.com and see what's listed lin your zip code. If you still have builders in your development with a sales office you can go and get the information from them. Cindy
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Posted 11/8/2007 11:02:36 AM
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| Get an appraiser, they have to stay with certain parameters and that will be your best bet. Comps normally are from within the last 6 months, 1 mile of the property, 25% within your gross living area and comparable in other ways. I work with reviewing CMA's, BPO's, AVM's and none are as accurate as an appraisal. They also don't take into condition/upgrades/neighborhood etc. like the appraiser will. The worst mistake I see if people putting 30K to bring their home up to average for the neighborhood and then they expect to see a return on the appraisal . Even if you put that money into it and your home is average, there will be no adjustment as long as the comps are in average shape also. People don't seem to get that, also what you put in isn't dollar for dollar. Some updates to kitchen, baths etc are bigger returns than say a pool.
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Posted 12/4/2007 11:50:47 AM
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In your situation the best option would be to get an appraisal. Anything on line would be inaccurate due to the changes in market conditions. The cost of an appraisal would be well worth it to establish a realistic selling price for your time frame to sell and can be used to justify the selling price with potential buyers.
[font=Times New Roman][b]David Hintz - AZAppraiser[b]
Phone: 602-717-4268
Fax: 520-233-2880
E-Mail: az.appraiser@hotmail.com
www.accurateappraisalsandconsultingofaz.com[/font]
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Posted 12/28/2007 8:26:39 PM
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I'm not a big fan of zillow... I find it to be inaccurate. I think you need to have a realtor or appraiser see what they can find in MLS. This will be your best representation on value.
DebtFreeDave
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Posted 1/18/2008 6:50:00 AM
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I know that you said you don't want to spend the money or talk to an agent but I am sure that you are aware of how the market has changed in the last few years. The majority of the nation has had dramatic drops in property value so I would hate to say it but the number that you were given a couple years ago is probably more than it would sell for now. One other thing to keep in mind (if you are here in Florida like myself) is that even if you do get an appraisal there are a lot of lenders out there who are taking the appraised amount and subtracting 5% more to project future loss so keep in mind that when you find a buyer if they require financing it may come in slightly lower than a number you want to get. Like the other posts to this question I think your best bet is to spend the $200-$300 and get an appraisal if you really need to know what the projected vale of the home is.
Mark Collins
email: mcollins@southeastamerican.com
website:
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Posted 1/20/2008 7:35:48 PM
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Are you working with a lender? Many lenders work with appraisers who give them free comps. It is impossible to get an accurate appraisal without having a full appraisal completed, but appraisers use the same MLS as Realtors do. Lenders use the comps to determine refinance value prior to the actual appraisal. I'd also suggest calling a few appraisers for the local sales comps with a commitment to give out their contact information to prospects. If you are buying another property...offer to let the appraiser appraise the new property.
nwlender@yahoo.com
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Posted 3/8/2008 2:55:46 PM
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| Hi, Grammaterri. I have checked comps on fsbo.com for $16, and also on owners.com for $9.00. It's not perfect, but it helps. You could also drive your neighborhood, and check the brochures for prices they listed at.
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