What are the standard ways of finding out what a house is valued at?
A comparative market analysis and an appraisal are the standard ways consumers, lenders and realty agents determined what a home is worth. Your real estate agent will be happy to provide a comparative market analysis, an informal estimate of value based on comparable sales in the neighborhood. You also can research “the comps” yourself by checking on recent sales in public records. Be sure that you are researching properties that are similar in size, construction and location. This information is not only available at your local recorder’s or assessor’s office but also through private companies and on the Internet. An appraisal, which generally cost $200 to $300 to perform, is a certified appraiser’s opinion of the value of a home at any given time. Appraisers review numerous factors including recent comparable sales, location, square footage and construction quality. Back to Seller’s page What are the two most important factors when selling a home? Even in a down market, real estate e
