These are the only two ways of figuring out the value of the home. From there, you would subtract what is owed. Whatever remains is the equity.
Hope that helps,
Terrence Charest, e-Pro
The best way is to obtain a full apppraisal on the home. They are about $300. to $350. Then you would subtract all of the liens on your property. ( mortgages, tax liens etc.) If there are any. That is the amount of equity you have in your home.
If you have any further questions. Fell free to contact me.
Michael D Delp
4802 Old Bethlehem Pike,
Telford Pa. 18969
For a rough Idea contact you real estate agent. If you are planning on selling interview a few agents and ask them all to do a cma for you and How they came to that result.