Can I get a free appraisal of my home?

Asked by Bill, Summerville, SC Thu May 5, 2011

I was wondering what the value of my house is?

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6
Ken Cook, , Atlanta, GA
Thu May 5, 2011
The "why you want to know" is very important. A CMA or Broker's Price Opinion cannot be used to secure a loan. It may, however, be used to fight city hall.
Web Reference:  http://kennycook.com
0 votes
, ,
Thu May 5, 2011
Appraisers do not work for free in this area. Since they are licensed in Georgia, Brokers who are not licensed as appraisers can not give you and appraisal, but certainly a fair value opinion of the current value.
Let one of our agents assist you today.
0 votes
Juneann Lewis, Agent, Duluth,, GA
Thu May 5, 2011
As the other 2 agents said, your local agent will be able to better answer that question. You can google and find a local agent in your area.
Web Reference:  http://www.juneannlewis.com
0 votes
Mark Jacobs, Agent, Mooresville, NC
Thu May 5, 2011
An actual appraisal costs money in my experience. an appraisal is just an estimate of value based on recent sales comparables in your neighborhood. The only way you truly know the actual value of your home is to find out what a Buyer is willing to pay. Try this link to what buyer are willing to pay.

http://www.markjacobsrealtor.com/augusta-home-values.asp
0 votes
Jeff and Gin…, Agent, Vero Beach, FL
Thu May 5, 2011
Why do you want to know? The answer will determine the response. Call your favorite local Realtor and ask for a comparative market analysis especially IF you are considering selling your home. The Realtor who assisted you in buying the home also might be willing to share this information with you as a courtesy. An actual appraisal costs money in my experience though. If you are thinking about refinancing your loan, the bank will require an appraisal. If you are just curious and don't want to spend any money, look on Trulia for recent home sales in your neighborhood.
0 votes
Scott Butcher, , Austin, TX
Thu May 5, 2011
Bill,

Remember, an appraisal is just an estimate of value based on recent sales comparables in your neighborhood. The only way you truly know the actual value of your home is to find out what a Buyer is willing to pay for it (ie. via a Listing).

I suggest getting a Competitive Market Analysis (CMA) from a local Realtor. That should be as good as an appraisal (and free) for what your seeking. Otherwise, you can do your own research and find out what similar properties in your neighborhood are being listed at for sale.

Many folks believe that the taxable value as indicated by your local Tax Assessor is your appraised value and that is not necessarily true.

Hope this helps.
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