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What is my house appraising for?

It’s in great condition
Asked By Pamela W. | Allen, TX | 710 views | Tips Advice | Updated 2 years ago
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Novice
2 Answers
Steve Layer

NextHome Town and Country

(8)

Hello Pamela,

I recently signed up with FastExpert. I am sure you have already received the information you were looking for. However, if you have not. I am in the Collin county area and would love to shoot you over a Comparable Marketing Analysis to show you what homes are selling for in your area. Now as far as what your house would appraise for, an actual appraisal would have to be done.

I actually had this done on my home just so I could make a decision whether now is the right time for me to sell. Please let me know if you still need help.
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Novice
4 Answers
Juliette Ferguson

Sothebys International Realty

(105)

You may be seeking a CMA - Comparable market analysis - this is something that a realtor can provide to you for free. It is an estimate of what your home would likely sell for "as-is" at this time. Of course, time changes everything. A good agent will view your home and make suggestions based on your needs. Sometimes selling as-is is best for a seller - and time is of the essence. Other times. time is less important, and making a higher net return is the ideal situation. In that case, your realtor may make suggestions including clearning out items, painting, updates, etc. The first look is critrical and top photography and videography is a big part of the "first look". I work in California, but if you wouldl like, you can use my website for a general estimate of value. But, for a true estimate, you will want a realtor in person. Zillow, Redfin, Realtor.com can give vague numbers - but they are often way off in the reality since they cannot see in the home and do not know if it is a fixer upper or turnkey home. Additionally, online estimates do not usually even identify differing zip codes and school districts - appraisers will.

So - your question mentioned appraisal - if you want an appraisal - that costs money. But if you just want an estimate of what it would sell for, I suggest a free CMA from a realtor.

If there is a legal reason for an appraisal - such as a death in the family, probate sale, etc. then you want to find an appraiser and pay for a full appraisal. Make sure you discuss with your attorney first as this may be something they are handling for you.
h
My website has a free home estimate for the entire USA even though I am in California. Hello to you in Texas - my mother in law lives in Corpus Christi!

Jette Ferguson, TeamJette.com
831-402-3800 for California Real Estate Questions

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Novice
1 Answer
Bruce Partain

NextHome Centurion Realty

(10)

Pamela,
Juliette gave you some great advice. I have several colleagues working in the greater DFW area. Shoot me a note at [email protected] and I can give you some referrals to agents who can prepare a free CMA.

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