what is my house worth?

Asked by Stephen S Geraci, Hartford, WI Sun Dec 16, 2007

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Ian A. Wolf, Agent, Morristown, NJ
Sun Dec 16, 2007
An independent appraisal may cost some money(typically 300-400), but it is a great way to get your value. Do not have it done as part of a refinance(they are typically inflated) It is also accepted by lenders as the value, and can be used in marketing if you decide to list your home(e.g apraised for 300k, asking 295k). Appraisals are generally good for 6 mos.

Right now many buyers are nervous about overpaying, give them a reason to feel comfortable. If you add the appraisal with the CMA's suggested by Beth, I think you'll have the best assessment of your home's value.
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Beth Moran, Agent, Folsom, CA
Sun Dec 16, 2007
HI Stephen,
To determine the value of your home you should get a hold of a local agent who will provide a market analysis for your area. If you are thinking of selling please make sure you get at least 3 opinions from three different agents. If your area has been negatively affected by bank owned properties and short sales you'll need to adjust your numbers downward to have an accurate picture of value. Good luck.
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