bushwacked Posted June 24, 2006 Share Posted June 24, 2006 Was a first time homebuyer in 2002....getting ready to sell the house and move. The lawyer at my company rountinely does all the paper work for employee's so we aren't planning to go through a realtor. We live in a good housing market where nice houses seem to sell real quick like (especially before fall semester at the univeristy starts). When we bought the house it was on the market for one day and we were one of three offers. Got a recent letter from our mortgage company and they are claiming our property value increased 23.88%. Our county assessor's property listing has our value slighty lower.....Are these fairly accurate in determing the actual appraisal? Should we pay $$ for an appraisal or just ask a ballparkish price and see what happens? Not in a big hurry to sell, would rather maximize profit. Thanks in advance once again. Quote Link to comment Share on other sites More sharing options...
mywifehatesffl Posted June 24, 2006 Share Posted June 24, 2006 The best thing you can do is find "comps" in and near your neighborhood. What house is similar to yours, what did it sell for and when? Knowing that information will help you know how to price your house. Want to move fast, list below the comps. Want to move slow - as you say you do - price it right at the comps or a little higher depending on whether your house is upgraded or in need of work. A realtor would find out this information for you to figure out what to list the house for. The appraisal helps but an appraisal doesn't always account for market conditions. Finally, for the heck of it, also check out the web site zillow.com....lots of good info on that site that should help. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted June 24, 2006 Author Share Posted June 24, 2006 The best thing you can do is find "comps" in and near your neighborhood. What house is similar to yours, what did it sell for and when? Knowing that information will help you know how to price your house. Want to move fast, list below the comps. Want to move slow - as you say you do - price it right at the comps or a little higher depending on whether your house is upgraded or in need of work. A realtor would find out this information for you to figure out what to list the house for. The appraisal helps but an appraisal doesn't always account for market conditions. Finally, for the heck of it, also check out the web site zillow.com....lots of good info on that site that should help. Thanks for the info....apparently Zillow.com doesn't know our house is around. Quote Link to comment Share on other sites More sharing options...
mywifehatesffl Posted June 24, 2006 Share Posted June 24, 2006 You must live in the sticks! Then I'll say this....it wouldn't hurt to spend a little money to make a bunch more money. If a little advice costs you $500 - $1,000 and that advice helps you make an extra $10,000 or more, I'd think that was well worth the cash. If you were a first time homebuyer, you're now a first time homeseller. Don't go cheap and leave money on the table!! Quote Link to comment Share on other sites More sharing options...
rbmcdonald Posted June 24, 2006 Share Posted June 24, 2006 Was a first time homebuyer in 2002....getting ready to sell the house and move. The lawyer at my company rountinely does all the paper work for employee's so we aren't planning to go through a realtor. We live in a good housing market where nice houses seem to sell real quick like (especially before fall semester at the univeristy starts). When we bought the house it was on the market for one day and we were one of three offers. Got a recent letter from our mortgage company and they are claiming our property value increased 23.88%. Our county assessor's property listing has our value slighty lower.....Are these fairly accurate in determing the actual appraisal? Should we pay $$ for an appraisal or just ask a ballparkish price and see what happens? Not in a big hurry to sell, would rather maximize profit. Thanks in advance once again. I would look for one of those 1% reality deals, or or flat fee deals. They give you access to MLS and Comps. If you list your house for too little, you will leave money on the table, unless you get multiple offes at the same time, and they start competing against each other (that is pretty rare). If you ask too much, you make if much harder to sell. MLS info really helps. Never be afraid to pay a fair price for good informaton. What you do not want to pay for is all of the fluff. Quote Link to comment Share on other sites More sharing options...
Ramhock Posted June 24, 2006 Share Posted June 24, 2006 I sold a house, 4 years ago. The realtor said the comps were leading her to price it at 355K. My wife & I looked at the comps and decided our home was better. We listed it for 385K. We got 367K. Quote Link to comment Share on other sites More sharing options...
muck Posted June 24, 2006 Share Posted June 24, 2006 I agree with the general assessments ... pay a couple of $$s for extra advice, make your own decisions and go with a flat fee or low-% realtor (or FSBO). Quote Link to comment Share on other sites More sharing options...
JoJoTheWebToedBoy Posted June 25, 2006 Share Posted June 25, 2006 Thanks for the info....apparently Zillow.com doesn't know our house is around. Pay the extra bucks and get an accurate quote. zillow.com is a waste of time used it recently for my neighorhood and it was sooo inaccurate it wasn't even funny. That site is a waste of time Quote Link to comment Share on other sites More sharing options...
alexgaddis Posted June 26, 2006 Share Posted June 26, 2006 (edited) Realtors are usually morans who couldn't do anything else for a living... oh yeah, and they are grossly overpaid for what they do... Edited June 26, 2006 by alexgaddis Quote Link to comment Share on other sites More sharing options...
spain Posted June 26, 2006 Share Posted June 26, 2006 Realtors are usually morans who couldn't do anything else for a living... oh yeah, and they are grossly overpaid for waht they do... Bingo! Quote Link to comment Share on other sites More sharing options...
alexgaddis Posted June 26, 2006 Share Posted June 26, 2006 Seriously, the market analysis they would provide is information you can get in about an hour by yourself...you just need to find a list of all the sales in the area and which ones are closest to your home as far as style of home, number of bedrooms and bathrooms, and square footage... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.