How To Determine The Value Of Your Home Online?

Answer 1

As the housing market continues to finally show signs of recovery (or at least a bottom) across many areas of the country, it’s expected that home buying and selling activity will start to pick up. As such, many owners are going to be interested in assessing the current value of their home in preparation for a possible sale.

The best way to get an accurate value of your home would be to have an appraisal done. But those require hiring a certified appraiser and will likely set you back at least a few hundred dollars. If you’re just looking at getting a ballpark estimate of your home’s value and don’t want to spend a lot of time on it, you can probably get a good answer on the internet.

One of the easiest ways to get an estimate of your home’s value is to simply look at your property tax bill. The municipality you live in keeps an assessed value of your property on file for levying taxes and while it’s not designed to be a true value assessment of your property it does give you an idea of where you stand.

For something that gets you a little closer to true value, try out the website Zillow. Zillow uses not only tax records to develop their value estimates but also recent home sale data. So what you end up getting is a number that combines current market data and uses tax records to help fill in the blanks. The downside is that home sale data can become outdated so you’ll want to be careful in seeing how recent the estimates truly are.

Neither of these options will have the accuracy of an estimate provided by a certified appraiser but if you want to simply get a number that’s in the neighborhood, tax records and Zillow can definitely help point you in the right direction.