BEST ANSWER
FIRST ANSWER
Hi There,
There are a couple of ways to measure the value of your home. You can get an appraisal, like a lender would require for financing. This is done by a licensed appraiser and will go into considerable detail, comparing similar recently sold homes, adding and subtracting various features to come up with an amount that a bank would lend to a buyer for your home. This process will cost you typically between $400-$500. If you are interested in finding the market value of your home, a competent realtor will go through a similar, but less rigorous process, helping you find a strategic price that will attract potential buyers to your home. A good realtor will show you active, pending and sold listings comparable to your home, and take you inside current active listings so you can get a feel for your competition as well. Homes in your neighborhood are currently selling from the mid 120's to the mid 150's.
Thu Nov 5 2009, 09:00