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I am looking for a market value of property that I've purchased and wish to re-sell it at a higher price. Which website(s) would be relevant to visit in order to find the market value for a purchased property? What would also be the best way in calculating comps and finding the market value for a property that I wish to sell? Thanks for your experienced views!
I am looking for a market value of property that I've purchased and wish to re-sell it at a higher price. Which website(s) would be relevant to visit in order to find the market value for a purchased property? What would also be the best way in calculating comps and finding the market value for a property that I wish to sell? Thanks for your experienced views!
There is no web site that will tell you the market value of a property. The best way to research market value is to find the most recent sales of properties as similar as possible to the subject property. Some of the commercial sites will have recent sales that you can search. Be aware that most of them will have at least a little bit (2 weeks at least) of lag between closing date and showing up on the site. If you work with a local real estate agent, you should be able to get the most accurate and update info.
You didnt mention if this was commercial or residential. Assuming you are talking about residential, what market are you in? There are some tools which can be specific to the area the property is in. For example a tool like sdlookup.com (in San Diego) or Redfin (limited markets) at least display comps in the area that have sold.
There is absolutely no online website that will provide a truer valuation than an expert local in that specific area. Even Zillow Zestimates can have wide variances in some cases.
Zillow is fairly accurate as long as the market isn't flooded with inventory, or conversely starved of it. Just bought a condo recently appraisal came in at $104.7k, Zillow was $106.5k.
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