The "assessed Value of your home is done by the county tax assessor and can be way off.
You can easily have a local Broker agent who has the knowledge, help you with the value of you home.
In Fact on most broker websites, like mine, have a simple form you can fill out and you can receive the value of you home online within a short time.
RE % over market value,... usually homes sell at Market value.
You should really prepare yourself to sell your home at market value. If it sells above, consider yourself lucky.
Is selling your home above market value a huge concern?
Is there a reason you need to sell it for more?
In trying to do sell it over value, you may end up not selling it at all.
Are you upside down in your home?
Call me or anyone of us agents or brokers on here locally to help you with your situation.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate License # 01312992
Kevin McLaughlin, Broker Owner
Berkshire West Realty
All of these are great answers. BEFORE you get that comparative market analysis (CMA), make sure your home is in top-notch condition so that your home compares to the best in your area. A Professional Home Stager can help you with identifying helpful changes, at a minimal cost, that will help increase the value of your home.
HSR Certified Professional Home Stager
Serving Southern Riverside and North San Diego Counties
All the best!
The Riverside County value may be their estimate based on 2009 Tax Year. Prices have increase in value since then as a result of a higher buyer demand. It may be a good idea to evalue the home sales over the past couple of months and what is currently for sale in your neighborhood.
If your home is in turn key condition, then you will have a positive impact on potential buyer that will be willing to pay a little more as long as the home appraises in value.
Let me know if I can be of further help.
The amount showing on your tax bill is only an estimate and in order to find your best sales price you must determine what the recent sold comparables are in your area.
Prices are going up slightly and there is a lot of demand for the Winchester area right now especially if your home is located in the Temecula School District area.
I am going to try this a different way.
A property's fair market value is defined by the price a willing, able, and knowledgeable buyer will pay, and a motivated seller will agree.
There a different kinds of value. Market value is the price at which it will sell, which is based on local market conditions - how many homes, like yours, are on the market when you put yours up for sale will determine in large part your home's market value.
Appraised value is based on closed sales. Usually it takes 30-45 days to sell a home, another 30-45 days to close, so that means that most of the homes that are used by appraisers actually sold 90 days before.
According to your Trulia market data (see link ) the average price for homes sold per square foot went UP 9.3% compared to 12 months ago. That means that if an appraiser uses previous home sales as their basis, it is possible that those homes will UNDER value your home by a few percentage points, because it appears that your market area values are going UP.
Good luck. Ask a Realtor for a Fair Market Value analysis.
My contact information can be found at my website link below