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Should I have my house appraised?

Asked by Anonymous| 06-22-2021| 694 views|Tips & Advice|Updated 3 years ago

Answers (4)

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Barrett Henry

RE/MAX Collective · Tampa, FL

(6 reviews)
It depends on why you're asking. If you're selling, refinancing, or dividing assets in a divorce, an appraisal gives you a professional, defensible opinion of value. If you're just curious about what your home is worth, start with a free CMA from a local real estate agent. A CMA uses the same comparable sales data an appraiser would and gives you a solid estimate without the $400 to $600 cost of a formal appraisal. If you need a number for legal purposes, a lender, a court proceeding, an estate settlement, or a tax dispute, a formal appraisal is the way to go because it carries legal weight that a CMA doesn't. Contact a licensed residential appraiser in your area directly, or if you're refinancing or buying, the lender will order one through their appraisal management company.
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03-27-2026 (1 month ago)··
Keith WattsRising Star11 Answers
Keith Watts

Watts Team Real Estate, Inc. · Dana Point, CA

(238 reviews)
As usual, two excellent answers from Anna and Spirit.
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07-01-2021 (4 years ago)··
MICHAEL LYNCHNovice8 Answers
MICHAEL LYNCH

eXp Realty · Boca Raton, FL

(9 reviews)
Like Spirit's answer as well as Anna's, but don't like anything to do with Zillow or their Zestimate. It's BS and doesn't amount to much. Very inaccurate. Along with the fact that once they make their big move, they'll try and push most of us agents out.
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07-05-2021 (4 years ago)··
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Anna PalaszNovice7 Answers
Anna Palasz

Ania Real Estate and Property Management LLC · Florida, NY

Hi, this depends on Your asking price and Your market - a Realtor should know some appraisers, however You can also google appraisers in Your area. Zillow Zestimate is usually a great place to start as it takes into consideration recently listed and sold homes with similar criteria to Yours... but it could be entirely off also.. Feel free to reach out if You're in NY/NJ/PA for more details. Goodluck!
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06-22-2021 (4 years ago)··

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