Ana Cardinale, Home Buyer in Freehold, NJ

How do I know how much my house (with large property- 10 acres) is worth in Howell, NJ? What is the best way?

Asked by Ana Cardinale, Freehold, NJ Thu Jun 12, 2008

to advertise this to developers? Ana C.

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Spirit Messi…, Agent, Tucson, AZ
Mon Feb 7, 2011
"best way" is go ahead and order an apprisal. Which is a statement of opinion but it actually carries some weight.

In this market, a house is no longer worth what a buyer is willing to pay and a seller is willing to sell it for. No. A house, or any property is worth what a bank will loan, and they will order their own apprasial on it. Still, this will give you an accurate ballpark, I tell clients probably +/-$10K of what to expect. Yes it will cost some $, somewhere between $300-$400 but what does piece of mind cost you? Priceless. Plus, if it supports your price, leave it out for potential buyers to see.

If you have a local real estate agent, they can tell you this plus so much more. Suggest you speak with one to way out all your options.
Best of luck.
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Joan Congilo…, Agent, Freehold, NJ
Fri Jun 13, 2008
Hi Ana
You can find out 2 different ways one would be by having a few real estate agents give you a broker price opinion & compare the data. If you have 10 acres & it is subdividable your porperty will be worth more than a home with 10 acres that is not. Also the style & square footage of your home will have an impact on the value. The 2nd way to truly know what your home is worth is to hire a fee paid home apppraiser. That will cost you a few hundred dollars up front but will be as accurate as you can get. Fee paid appraisers will also base your homes value on the sq footage, location, condition & again the use of the land. Fee paid appraisers use the exact same sales data that agents use but it will give you an unbiased opinion.
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Pat Garaffa, Agent, Howell, MI
Thu Jun 12, 2008

The best (and only) real way is to have a realtor or broker take a look at the home and property. We visit the home, list all the homes features, location and amenities and then we'll do a CMA (Comparative Market Analysis) and compare your home to recently sold properties. We also compare teh home to teh current competition of homes on the market. You have a 10 acre parcel so there won't be as much compatition as if it was a simple, development home.

This CMA procedure will give us a fairly accurate estimate of it's worth in todays market. Of and course, we do expect a cup of coffee while we are there. (LOL!)

The size of the home, condition, location, number of beds and baths all play a serious role. The zoning in Howell is also a very big determining factor as the value can go up or down based on it's ability to be subdivided or not.

Are you considering a sale? Or are you just interested in it's value for some other purpose such as a refinance? Either way - we would be glad to help. Our Century 21 office is in Howell and we have 3 other offices in Jackson, freehold and Millstone to serve you.

Give me a call - I live and work in Howell and would be glad to assist.

Patrick Garaffa
Broker, Salesperson & Notary Public
Century 21 Action Plus Realty
2218 Route 9
Howell, New Jersey 07731
732-303-8383 (Office)
732-252-2042 (Direct)
732-547-2777 (Cell)
732-303-1230 (Fax)
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Cheryl Dare &…, , New Jersey
Thu Jun 12, 2008
Hi Ana,
To find out what your property is worth you would need to have someone to a market analysis. Realtors do this by seaching for similar properties that have sold like yours in the past 6 months. When looking for a Realtor be sure you locate one that works with land, developers, and new construction builders. This will be a good indicator that they would have contacts for you and good ways to market your property.
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