How To Find Out What My House Is Worth

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Finding out the true worth of a house is important for analyzing all assets, and a real estate agent can help organize a formal appraisal of a home. Get the true value of a house with information from a registered financial consultant in this free video on personal finance.

Part of the Video Series: Personal Financial Advice
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Video Transcript

This is financial advisor Patrick Munro, talking about how to find out how much my house is worth. There are various ways in which an individual can find out how their, how much their house is worth. This is important, because you'd want to make sure you know the true value of your very important asset which is your home; probably the largest asset that any American has. There are ways to do this by going onto Zillo is a website that is very good about looking at various neighborhoods nationwide. You can also retain a real estate agent to do a market evaluation of your home, and look up comparables in the neighborhood. Of course, your house would be different than others, and you can develop a pretty good potential sales price of what your home would be. That's a very popular route to go. Or, if you're applying for refinancing you can go to an appraiser, and the appraiser will, for a fee, come out, and again, someone through the real estate company do a formal appraisal of your home and give you a final written document, which includes photographs by the way, of your house. This can be filed in your financial file box for that particular year in time, and will give you a good solid feeling for the value of your home, but there is a fee involved to the appraiser. Normally, it's about three hundred and fifty dollars. This is financial advisor, Patrick Munro, talking about how to find out the value of your home.


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