How Do I Find Out The Estimated Value Of My House?
Banks hire appraisers to ensure that the homes they finance are valued accurately and in an unbiased manner. This protects both the bank and the homeowner. But if you need a good idea of your home’s value and don’t want to pay an appraiser hundreds of dollars, you can get several reasonably accurate estimates in different ways. You’ll need to use some judgment, but chances are that you can arrive at a fair-market-value number without hiring an appraiser. Fair-market value is the truest value; it’s the number banks use, and it’s the only number you can command in real-world market conditions. Look at your property tax information. You may have a copy of your tax bill, which should tell you what the assessed or appraised value is. This is the town or county value, however. It may be–and often is–lower than true fair-market value, except in a wildly fluctuating market, when it may be higher than fair-market value. Go to your town or county government website, if you don’t have your pape
