How Do You Find The Market Value Of A Home?
When a consumer is refinancing or selling a home, she will need to determine the market value of the home. This value is determined by the home’s condition, square footage and comparable home sales in the area. There are a few different methods for determining the market value of a home, including using online property valuation tools, talking with a real estate agent and hiring an appraiser. Investigate valuation tools. Homeowners may use valuation tools such as Zillow to estimate the property value. This tool works by tracking sales in the area and creating a market value range. For example, if two comparable homes sold in the area, one for $300,000 and the other for $325,000, the market value range would be $300,000 to $325,000. Talk with a real estate agent. Real estate agents specialize in estimating home market values. The agent uses a method similar to online valuation tools. She researches recent home sales in the area (with comparable square footage, bedrooms and bathrooms) to
