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Real Estate Questions Planning on selling your home? Looking to buy a resale? Post your comments and questions here. |
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#11
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This tool may be usefull if you are interested in a very rough idea of what you home is worth but if you are planning on selling your home this tool is more or less useless (to me, any number that isn't reliable is more or less useless). If you want to know what your home is worth then you have to look at recent sales in your area and adjust based on the features of your home compared to those homes. Unfortunately these numbers aren't available to most people and that is where a realtor would come in. |
#12
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Remember, the initial comment that sparked this thread had to do with appraised value (i.e.: the bank's assessment) versus fair market value (i.e.: what is someone willing to pay for my house)? Bottomline - if you want to know FMV, get a realtor that KNOWs your area and specializes in the type of home you're selling in order to get top-dollar. Last edited by hellokittygirl; 2011-11-18 at 04:57 PM. |
#13
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It doesn't. I agree with you and I guess I was just reiterating what you had said. My main point was that the tool that Irene mentioned can be very unreliable and is nowhere near as accurate as a good realtor.
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#14
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Is there such a thing as an appraisal for new construction homes? My lender wants it but how can someone go in?
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#15
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absolutely. if the seller won't permit it until closing, you're in a bit of a pickle, but my lender was able to visit the development and "appraise" without officially entering the property. they're really just trying to make sure the asset they're loaning against exists and is roughly worth the purchase price disclosed.
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