http://www.zillow.com/ IS ONE SEARCH ENGINE...DON'T HOLD THE INFORMATION AS SCRIPTURE BUT WILL GIVE YOU A GUESTAMATE. GOOD LUCK, STEPHANIE
Meeting with a couple of agents to see their CMAs is also great.
Ask them how they arrived at your asking price number...and talk about adjustments (when comparing to other properties). Preview your competition properties - so that you know how to improve your property presentation (staging, de-cluttering etc.) and to improve your competitive edge...
Hope this helps,
Beachfront Realty, Inc.
CDPE - Certified Distressed Property Expert
Americorp Real Estate
Managing Broker/Partner, e-PRO
With that said, here is a qucik snapshot of the Andersonville(N=5200-5600 and W=1600-1800) condo market in the past 6 months.
There are many determining factors, but the Lower end of the condo market is likely around $100K and the higher end in the upper $200Ks. Perhaps an excellent comparable property that is currently under contract is a garden unit at 1651 W Balmoral (3BR/2Ba short sale). We do not know the sales price at this point, but they are asking $142,000 with NO pkg.
Feel free to contact me to discuss any additional information, 773-220-4421.
2 Possible Solutions
1) Pay an Appraiser and you will receive a full detailed report
2) Have a Realtor provide you with a Comparative Market Analysis (CMA) that will alos provide you with a good estimate of value.
Should you need any help, just let me know.
You can have a real estate agent perform a CMA for your property, which will determine value of comparable properties in your area or you can also hire an appraiser to perform an appraisal. Please contact me if you need more assistance! Have a great day!
Contact a few local agents and have them come give you a Comparative Market Analysis of your property and what it might be worth on today's market.