Ask Experts Questions for FREE Help !
Ask
    ecrovid's Avatar
    ecrovid Posts: 12, Reputation: 1
    New Member
     
    #1

    Jan 10, 2006, 05:56 PM
    Home value estimate
    I would like to know a website where I can have an estimate of my home without entering my personal details. I have noted that several sites which can provide this information ask for SSN numbers etc. is anyone out there aware of any site that can provide this estimate for free. I just want to have a feel of what my home could be worth. Many thanks!
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Jan 10, 2006, 09:27 PM
    Some advice:

    NEVER NEVER NEVER give out your SSN to one of these online places.

    Some ideas:
    Check your local paper. See what other homes in your area are selling for.
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
     
    #3

    Jan 11, 2006, 05:02 AM
    Yahoo has a tool that can give you a rough estimate based on sales in your area, here.

    The best thing to do is to check the properties last sale prices around you. This is public info, and may be available online... like it is in my area, here. If they've got decent software, you can go to your neighborhood and click on all your neighbors houses (that are like yours) to see what they sold for last.
    fredg's Avatar
    fredg Posts: 4,926, Reputation: 674
    Ultra Member
     
    #4

    Jan 11, 2006, 05:58 AM
    Home value
    Hi,
    I did the same thing, almost, as rickj suggested.
    I use a search engine to find my town, state, then went to the website for my town... showing government agencies, real estate, etc. It also showed home selling values in my area, with pictures.
    It's just an idea. Also, if you want a professional estimate, call an Appraiser in your local area, and ask the cost for the appraisal first.
    Best of luck.
    kp2171's Avatar
    kp2171 Posts: 5,318, Reputation: 1612
    Uber Member
     
    #5

    Feb 27, 2006, 12:10 PM
    not that market value is the same as appraised, but our county assessor has a website that lets you look at the assessed value of homes. You can search by house number, owner name, or even pull up sales for homes in different areas and limit the search by neighborhood, sq footage, etc, which can help with understanding market value.

    I pulled up info on my father in laws house in another state when we needed the info to help settle his estate after he passed by using his county assessor's site also.

    so go to a search engine and type in "(your county) assessor (your state)" or look in the phone book local govt section and call to see if they have this available online.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #6

    Feb 27, 2006, 04:39 PM
    Online can only give you very rough estimates. Only a professional inhome look at your home, your exact street, current selling prices of other homes next to you and the such.

    A professional real estate person in your area could give you an idea of what is is worth but also what it may sell for. ( not always the same thing)
    kp2171's Avatar
    kp2171 Posts: 5,318, Reputation: 1612
    Uber Member
     
    #7

    Feb 27, 2006, 05:06 PM
    Fr Chuck I disagree, sort of. =)

    online through my assessor's site I can pull up recorded sales in my neighborhood for the last several years. I can look at the entire region. I can look at only 8 bedroom, 6 bath estates built in 1980-95 if I use their search right. I can get hard numbers as to what the market has been doing on houses with very similar stats right down the block.

    now the point that a professional will know more about the nuances of the markets, the demand, etc is absolutely true. In theory. If they are worth half their weight in salt. Not all are.

    when I sold my house I had 4 realtors come through and I suspect 2 of them simply told me what I wanted to hear. Yes, they did a market search. There was a swing of nearly 20% among the estimates. One stupidly high, one low. Could I have come up with similar info on my own? I did. Only one of the four was even aware that my area was designated for special financing, something I knew but didn't asked them about to see if they were on their game.

    obviously a bank does no better when they don't have in house estimates. In banks in areas where markets are bloated are increasing the number of in house appraisals. They're worried the drive bys are just not reliable. So an in house estimate the best. Sure. as you stated. If you find a reputable person and are willing to pay for it. I agree. Absolutely.

    my point is that if you find and get to understand the info available online through the assessor's office, you can at least get some hard numbers, that represent similar properties over the last few years, by looking at recorded sales. Markets change, real estate people will know about changes in development, demand, etc... but why ignore some hard numbers you can get in a few minutes of work?

    blindly looking at the real estate professional as the end all be all unfortunately is giving up some power of knowledge you could have with a little homework and understanding of the local govt online sites.

    so I agree that the in home is best choice if you want to pay a professional to give you a number they'll back up. I agree that realtors, especially a team that knows your area and that you trust, are very, very valuable. But to simply say the online info is not reliable or too unspecific to consider... this is wrong.

    do I use realtor contacts for investment advice. Yes. Yes. Yes. People I know and trust. Got an appraisor I trust enough to invest my money by what he tells me if it fits my model. Sleep better knowing they're on my team.

    do I do some homework online and trust that info. Yes.

    it is a useful tool that should not be so easily dismissed, nor blindly followed.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Basement Estimate [ 1 Answers ]

Hello I am in the process of finishing my basement with Drop celing.. Would like to know if one of you could tell me how much its going to cost me in terms of Material Cost. Total Finished Sq Ft 550 Drop Celing 550 SqFt If you can tell me how to calculate the cost for Lumber, as I will be...

Selling home/buying home simultaneously [ 8 Answers ]

Real estate agent and the mtg broker she works with want me to refinance loan with them, take equity out of it and buy a townhouse, move into townhouse while maintaining my mtg with my present home while trying to sell it. I called Wamu (my original lender) and questioned him about this and he...

New home [ 2 Answers ]

I'm about to move into a new home and would like advice about what I should do in terms of helpful hints Ex. Like the garage floor is bare concrete so I am thinking about painting it with that epoxy stuf that I got from the home depot to make it smother and look better and we are planing on...

OPT>H1 refund estimate status wise? [ 1 Answers ]

Hello all, Hello ATE, I have been reading these forums, and I really am confused about what my status is. So here's my case: 1) Working for employer A from Feb 1 2005 to Present. ( Feb 1 to Oct 14, 2005 on OPT, Oct 15, 2005 to Present on H1B)

NJ resident work in NYC - need help for filing estimate tax [ 1 Answers ]

I am a resident of New Jersey and work in New York City. I have some realized capital gain from stock trading. Where should I file state estimate tax? To NYC or NJ ? I also have some income from NJ in the first 3 months in 2005. Can I file my estimate tax to NJ to avoid higher rate in NY...


View more questions Search