Home values have actually been increasing nationally, but of course, that's not the case in every local market. Be skeptical of online valuations, which are notoriously unreliable, sometimes close other times way way off. And even appraisals ordered by your lender during a purchase or refi can undervalue the home for many reasons including foreclosures and short sales activity in the area. Short of an appraisal, the best way to get a sense of your home's value would be to contact a local realtor and request a Comparative Market Analysis (CMA). The agent who assisted you with your initial purchase would be a good place to start. For more info or assistance reach me directly at 917 699 0183 or via email firstname.lastname@example.org. Follow me on twitter @mdenniston247.
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Michael Denniston l Cell: (917) 699-0183
Residential Home Funding, Corp.
Licensed Mortgage Loan Originator l Sales Manager
6901 Jericho Turnpike Ste. 219 | Syosset, NY 11791
Main: (516) 605-1733 | Fax: (888) 881-2557
NMLS # 24076 | Company NMLS # 34973