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Sunday, July 16, 2006

FREE estimates of your San Francisco Real Estate

A reader asks:

Short of paying for an appraisal, is there a cheaper way to get an estimate of our home's value?

Our reply:

If you are just curious about what your home value is, or what the homes in your neighborhood are, you can use FREE sites such as
Zillow.com or RealEstateABC.com. They will give you a general idea of your home's value, but are only estimates.

If you are seriously considering selling a better choice might be to have a Realtor do what is called a "Comparative Market Analysis" or CMA on your home. In this case the agent will run comparables of what houses have sold in the past several months which closely match your property (i.e. square footage, number of bedrooms, baths, parking or not, etc.) This type of estimate tends to be more accurate than the websites.

Ultimately the market will tell you what your home is worth once you decide to list it and find a willing buyer.

- Mick Orton

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