If you want a really accurate assessment of the value of your home, talk with an appraiser who can visit your home, take measurements and will be able to give you a true value based on observation and market trends. An appraisal will cost you money but it will give you the most accurate information. Keep in mind, however, that all values are "backward looking" and based on past sales, so if there have been drastic changes in the market, the appraisers today are supposed to calculate in a "trend" to the value. A realtor will be able to give you valuable information regarding current sales trends in your particular area and this is where the information from a Realtor can be really valuable if you are planning to sell your home.
Best advice, however is that if you can wait to sell your home, you should for about two or three months. We may be looking at possible changes to mortgage limits in 2012 when Congress reconvenes which may help sellers with higher priced homes. Good luck!
Area Pro Realty
Have a great day,
Heather Paul, Realtor
A few questions: Are you looking for a market value to sell? Are you looking for a value for estate or tax purposes? Are you looking for an appraisal from a licensed appraiser? What are you using the valuation for?
Have you made any modifications since you bought it last December? The last two sales in your neighborhood are for single level homes of approximately 1600+ sf. One was completely and beautifully remodeled 3 bed/2 bath (1600sf) that sold at $1,255,000. The other was an updated home with almost 1700 sf 4 bed/2 bath that sold at $1,115,000. As you can see, there is quite a range in sales prices.
Since there has only been a few homes sold in St Francis Acres in the last 4 months, nailing down an exact number on your house will take adjustments (either time, location, size or improvements). It would be best for an agent to take a look at the home in its current condition to determine its current market value.
Note: should you be wanted to sell, market timing should be taking into effect for valuation. With spring coming up and inventory extremely low for Mountain View homes with Los Altos schools, you may get a premium compared with when you bought it in December.
Please contact me via e-mail at email@example.com or phone at 650 917-4250 and i would be happy to take a walk through your home to assess its current value with no obligation what so ever. Thank you.
Coldwell Banker - Los Altos Office
I recommend you have a consultation to determine your goal and who we can get you there.
Contact your agent from when you purchased the property and discuss the current market value. If you need a new agent referral just let me know.
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to error and omission, and not warranted.
Send me an email at firstname.lastname@example.org. I'll be happy to forward to you the comparables report. Takes me only about 5 minutes to process this very basic report for you. Keep in mind, however, to refine the price, I would need to look at the home to determine its condition. But I will give you a "range" regarding home values.
Area Pro Realty-People's Choice
I would be happy to set a time with you and help you better determine what your property would sell for. There is no cost for this service.
Real Estate Broker
Licensed in CA and Hawaii