1. It is NOT an appraisal.
2. It must be done on property in the same neighborhood
3. The properties used should mirror the qualities of the house you are looking at in age, location, setting, square footage, and improvements. In our area, a pool might add 10,000-15,000 to the value of a home for value, but may very well not affect the saleability of a property--some people don't want pools.
Do not look at the tax records to see what the value is, since this information can be extremely misleading--you can't see all the facts on a tax record, such as improvements unless they had to apply for a building permit to do the work, which frequently is not the case.
Good luck, and, to protect yourself, use a professional realtor!
"Andre has it right- what you need is a CMA or BPO
Most good Realtors can do this for you."
Or you can just look it up for free and save 3% by not using a Realtor.
On a $300k condo you are going to pay them $9,000 just to have the "honor" of buying and paying HOA fees.
Wait. Rent. Save. Watch prices go down.
Thank you for your inquiry. There are many ways to find out the market value of a home. One of the most sufficient is to obtain an appraisal. However you can also contact a local Realtor who is familar with the area to ask if they would be willing to perform a Broker's Price Opinion or Comparable Market Analysis for you.
When it comes to choosing professionals to assist you with your real estate needs...Experience is Priceless! Andreâ€™ Shambley & Miamiâ€™s Best REALTORÂ®. Team, The Keyes Company, 305-788-6643. AndreShambley@Keyes.com, http://www.OnePlaceOpenHouse.com
Ready to refinance or looking for a better rate? For your complimentary rate quote visit Jacinta Shambley, APEX Lending, Inc. JShambley@APEXLending.com . http://www.JShambley.ApexLending.com