You have several ways to determine the value of a home.
An appraisal is a professional estimate of
a property's market value, based on recent sales of comparable
properties, location, square footage and construction quality.
This service varies in cost depending on the price of the
home. On average, an appraisal costs about $300 for a $250,000
house.
A comparative market analysis is an informal estimate
of market value performed by a real estate agent based
on similar sales and property attributes. Most agents
offer free analyses in the hopes of winning your business.
You also can get a comparable sales report for a fee
from private companies that specialize in real estate
data or find comparable sales information available on
various real estate Internet sites.
Sandra Bazak