|
|
|
Thread Tools | Display Modes |
11-12-2019, 08:42 PM | #46 |
Supporter
Join Date: Aug 2005
Casino cash: $5423539
|
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.
|
Posts: 12,854
|
11-12-2019, 09:41 PM | #47 |
Veteran
Join Date: Jul 2008
Location: Wichita
Casino cash: $4302833
|
Skip all the bullshit and put it up for auction
__________________
|
Posts: 1,640
|
11-12-2019, 10:01 PM | #48 | |
Don't Be A Dick
Join Date: Aug 2001
Location: Joplin
Casino cash: $6957192
|
Quote:
|
|
Posts: 33,636
|
11-12-2019, 10:54 PM | #49 | |
Arrowhead Trail of Tears
Join Date: Oct 2012
Location: KansasCity
Casino cash: $2480441
|
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 |
|
Posts: 29,111
|
11-12-2019, 11:20 PM | #50 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6252680
|
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.
|
Posts: 70,443
|
1 0 |
11-13-2019, 03:56 AM | #51 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2861110
|
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.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" Last edited by scho63; 11-13-2019 at 06:55 AM.. |
|
Posts: 50,416
|
1 0 |
11-13-2019, 07:14 AM | #52 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
Casino cash: $14060126
VARSITY
|
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.
__________________
My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs. |
Posts: 65,554
|
11-13-2019, 08:57 AM | #53 | |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
Casino cash: $2310692
|
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.
__________________
If at first you don't succeed ...skydiving is not for you. |
|
Posts: 41,301
|
11-13-2019, 09:00 AM | #54 | |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
Casino cash: $2310692
|
Quote:
__________________
If at first you don't succeed ...skydiving is not for you. |
|
Posts: 41,301
|
11-13-2019, 09:04 AM | #55 | |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
Casino cash: $9815000
|
Quote:
your realtor should be able to help.
__________________
p.s. - VonneMarie is ALL woman! |
|
Posts: 2,860
|
11-13-2019, 09:06 AM | #56 |
Supporter
Join Date: Feb 2001
Location: Jan Quadrant Vincent 16
Casino cash: $2310692
|
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.
__________________
If at first you don't succeed ...skydiving is not for you. |
Posts: 41,301
|
11-13-2019, 09:21 AM | #57 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
|
|
Posts: 17,387
|
11-13-2019, 09:34 AM | #58 |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
Casino cash: $9815000
|
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.
__________________
p.s. - VonneMarie is ALL woman! |
Posts: 2,860
|
11-13-2019, 09:35 AM | #59 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
Casino cash: $14060126
VARSITY
|
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.
__________________
My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs. |
Posts: 65,554
|
11-13-2019, 09:36 AM | #60 | |
The Freeze!
Join Date: Apr 2007
Location: Prosper, TX (DFW)
Casino cash: $9815000
|
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.
__________________
p.s. - VonneMarie is ALL woman! |
|
Posts: 2,860
|
|
|