You can get neighbohood info by going to Open Houses on the weekend and reviewing what similar homes go for.
Call a local Realtor or many fine ones responding to your question. That will be the best and most effective.
As far as an appraisal. Most of the time you don't need one, unless you have a unqiue property that does not have any comparisions within the area.
Interview local real estate agents and request a comparative market analysis of your home. The analysis should include recent active, sold and expired properties that have similar features to your own. In general, the sold properties should carry the most weight in determining value. Of course, current market conditions in your area might drive the value up or down.
Most important, compare apples to apples. Be realistic about how your home compares to the comps. Curb appeal, updates, location, amenities, size all can make a huge difference.
Christopher Rich - REALTOR
William Raveis Real Estate
Your Fairfield County CT Real Estate Agent
As we see it there are three possibilities:
1. Do it yourself-utilize information derived from Trulia, Zillow, et. etc. to develop your own value.
2. Contact a real estate professional and request a free "Comparative Market Analysis"
3. Hire an appraise to do an appraisal. It shouldn't cost more than $350.
Hope this is helpful.
The "Eckler Team"
Drew from Zillow here. We agree that people should not use a Zestimate as the only input to pricing a home that you are trying to buy or sell, but a Zestimate is a starting point and we are very transparent regarding our accuracy. You can see our zestimate accuracy on a county by county basis at the link below. That said, we absolutely recommend that people consult a local professional before making a financial decision.
Hope this helps.
The value of a home is based on what Buyers are willing to pay. Realtors help Sellers determine value by doing a Comparative Market Analysis (CMA) on the home, using data from homes in the neighborhood that have recently sold. In short, the subject home is compared to the sold properties taking into consideration location, size and the various amenities that each home has. You can do a CMA on your home by gathering information on homes in your neighborhood that have recently sold and comparing those homes to your own home. That information is public record and can be gathered through the assessor's office. Many agents, such as myself, will provide you will a CMA on your home free of charge. Feel free to contact me for a free CMA or check out my website at http://www.CindyBreneman.com for more information on CMA's. You will find a short article about the CMA under "Buyer & Seller News."
A CMA takes in consideration many factors. The location of the house, the recently sold homes in the area that are a fair comparison to the property, the market conditions which are determined by looking at employment rates, interest rates, income rates, and home inventory, then the condition of the home is considered and of course adjusting for what amenities the home has.
The way you do not determine a homeâ€™s market value is by what you owe, how much you want to put in your pocket, or how much you have put into the house. Just because you spent $20,000 on an in-ground swimming pool doesnâ€™t mean your house is worth $20,000 more.
I hope this answer is useful to you.
Other than having a professional appraisal done, the best guidelines for determining value really depend on what is happening in your neighborhood. Assuming your neighborhood did not have a lot of foreclosures and short sales, the most recent sales are the best way to determine value.
Once you have a list of the most recent sales (less than 6 months oago) , you should look at how your home compares to the other homes which have sold. Compare square footage, amenities, updates, location within the neighborhood, lot size, garage size, etc.
If there are no available recent comps in your neighborhood, you will need to go outside of your neighborhood to find similar homes which offer a comparable value.