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11-12-2019, 08:42 PM | #46 |
Supporter
Join Date: Aug 2005
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As long as you’re in some kind of neighborhood or area with similar homes that have sold in the last 90-180 days, then the comps your agent showed you should be sufficient. About the only time I recommend an appraisal prior to market is if comps are hard to come by or you’re trying to sell a unique property or one where you have over-improved it compared to your neighbors.
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Posts: 12,855
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11-12-2019, 09:41 PM | #47 |
Veteran
Join Date: Jul 2008
Location: Wichita
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Skip all the bullshit and put it up for auction
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Posts: 1,640
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11-12-2019, 10:01 PM | #48 | |
Don't Be A Dick
Join Date: Aug 2001
Location: Joplin
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Quote:
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Posts: 33,656
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11-12-2019, 10:54 PM | #49 | |
Arrowhead Trail of Tears
Join Date: Oct 2012
Location: KansasCity
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Quote:
just check zillow.com what you think its worth doesnt matter. what the sellers appraiser thinks its worth will determine how much money a buyer can borrow |
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Posts: 29,187
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11-12-2019, 11:20 PM | #50 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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I'm not sure how much you're borrowing even matters.We put $144k down on a $223k house and it still had to appraise out at the selling price. Makes no damn sense to me.
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Posts: 70,443
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11-13-2019, 03:56 AM | #51 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
If you already have a house you've contracted for and are going to be paying a 2nd mortgage, don't jerk around and pay months of extra payments. Price it at market - a few thousand under to get action and possible bidding on it. Last edited by scho63; 11-13-2019 at 06:55 AM.. |
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Posts: 50,845
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11-13-2019, 07:14 AM | #52 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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Those comparison homes always drive me nuts. There are no homes in my area that compare to ours. Our comparisons always end up being homes that are smaller than ours due to a lack of 5 bedroom homes in the area. It's bullshit.
Oh and they almost always compare it with homes that don't have finished basements. |
Posts: 65,558
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11-13-2019, 08:57 AM | #53 | |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
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Quote:
Also regarding garages and the comp I mentioned, mine is twice the size of that one. We have two backyard patios to enjoy. I think those are good selling points but I'm by no means an expert. |
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Posts: 41,452
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11-13-2019, 09:00 AM | #54 | |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
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Quote:
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Posts: 41,452
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11-13-2019, 09:04 AM | #55 | |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
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Quote:
your realtor should be able to help. |
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Posts: 2,860
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11-13-2019, 09:06 AM | #56 |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
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Yes, zillow is useful but it is not perfect. And my point was that I did a refi 5 years ago. There was an appraisal done then. They used comps for that appraisal then as well as doing a thorough inspection of the home. Since then, the home has gotten some things fixed and/or upgraded. So why wouldn't the home be more valuable than even that appraisal? But my agent gave me a suggestion on a price to list it which is about 7% lower than that appraisal. It just doesn't make sense to me. But like Rod said, my home is more unique and it's a little difficult to find a home that is similar. It's old and back in those days they didn't do cookie cutter houses.
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Posts: 41,452
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11-13-2019, 09:21 AM | #57 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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Posts: 17,387
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11-13-2019, 09:34 AM | #58 |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
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yep, once good thing zillow can do is give you a good visual representation of your local area and what properties are listed at. your realtor will have more accurate info but it could give you a mental picture of how you stack up against your competition.
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Posts: 2,860
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11-13-2019, 09:35 AM | #59 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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Yep. Zillow lists my home way above market value because it heavily relies on total square footage. The county only utilize compatibles and last known assessment.
According to Zillow I own the most expensive house in the neighborhood. |
Posts: 65,558
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11-13-2019, 09:36 AM | #60 | |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
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Quote:
we had the exact opposite issue depending on the day. some days it would show roughly what it should be other times it was off 90k (again i know this because my wife is a realtor). its annoying because some buyers do think zillow is very accurate and they get upset when the realtor has to explain why its not. |
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Posts: 2,860
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