Contact a real estate agent who can interview you determine all particulars involved to comp value of your home, based on sq. ft. , updates, area, # rooms, and much more
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how do you find out how much a property is worth?
I would say it depends on what type of property it is? SFR or income property? If it's and income property I would say your best bet is an licensed appraiser if it's a single family resident and agent or appraiser could help you.
A real estate professional can give you a general appreciation for a property's value with a free CMA. (comparative market analysis.)
Banks use the skills of a licensed appraiser to generate accurate value for properties. Appraisale can cost several hundred dollars.
In addition to the previous response.
A real estate agent will find all of the similar homes which have sold in the same neighborhood or very near the home being "priced" within the past three to six months. Homes that are currently on the market or pending will give the Realtor and yourself an idea of how to price your home accordingly along with how quickly you need to sell.
Hope that helps,
Terrence Charest, e-Pro
Hi, there will be 3 ways to find an estimate of what a property will sell for/ it is worth.
BPO: Broker Price Opinion. A Realtor will research properties that are simliar to the subject to determine a price.
CMA: Comparative Market Analysis ( this name change state to state but it is the same). A Realtor will do similar to a BPO to find an estimate price.
Appraisal: This is done by an Appraiser with the same idea of comparables properties.
For comparables means, properties of the same style (ie: one story, two stories) bedrooms (3,4), bathrooms, car garage (even car garage style, atached, detached) and so on.
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