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Why can’t I find my home's property value?


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    Mark S.

    Property values are dictated by recorded sales. Typically within a criteria of time frame and neighborhood, subdivision or distance from Subject Property.

    Multiple listing sales are always recorded however, for sale by owner (FSBO) sales are not. The most common way to assess the value of a home are locating sales within half a mile radius of the subject property, same subdivision or zip code. Typically within the last 3 to 6 months.

    The best way to look up a property's value is with an appraisal. There are two ways an appraiser will estimate the value of a home, a cost approach or sales approach.

    A sales approach would be using sales within the criteria mentioned earlier. A cost approach is the base or average value including updates that have been done to the property that increase its value above and beyond the average comps in the area.

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