House Fair Market Value
Trying to estimate hour house fair market value?
Estimating the worth of a house can be done in several ways:
1. Real estate comps (comparisons)- usually gathered by a realtor who can access the MLS(multiple listing service) information. They can gather information about homes currently for sale and homes that have already sold with similarities to your home.
2. Hire a Real Estate Appraiser: to perform a professional
real estate appraisal.
It is very important to check with the title company you plan on using before hiring an appraisal. They will often have a list of acceptable appraisers.
If you are selling your home by owner, it is best to have an appraisal performed over gathering comps. Why? Having this official document will be necessary for closing, so will save time to have it done before hand.
Do not confuse home appraisals with home inspections. A home inspection is obtained by the BUYER to verify the condition of the home.
Go to zillow now to do a quick online home value estimation
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