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Started By
Message
Looking up Recent Home Sales?
Posted on 5/29/12 at 9:01 am
Posted on 5/29/12 at 9:01 am
I am looking into refinancing going from 4.75 to 3.5 on a thirty year loan. My loan officer is worried about the appraisal coming in low and negatively affecting my loan to value ratio.
Is there a website I can look up what homes have recently sold for in my neighborhood?
Is there a website I can look up what homes have recently sold for in my neighborhood?
3
Posted on 5/29/12 at 9:31 am to TimTeblows
do you have any friends that are real estate agents?
Posted on 5/29/12 at 10:02 am to TimTeblows
zillow
Posted on 5/29/12 at 10:20 am to Ric Flair
quote:
zillow
This. Not 100% accurate but good enough to give you an idea.
Posted on 5/29/12 at 10:23 am to TimTeblows
This just happend to a family member. They were going to drop their interest rate and lower their payment by $200, but their appraisal came back very low due to some foreclosures in their neighborhood.
Posted on 5/29/12 at 10:25 am to Ric Flair
Working on getting an agent to look it up.
This was no where near accurate.
quote:
zillow
This was no where near accurate.
Posted on 5/29/12 at 10:29 am to AUtigR24
quote:
This just happend to a family member. They were going to drop their interest rate and lower their payment by $200, but their appraisal came back very low due to some foreclosures in their neighborhood
We recently had a brand new home that sat for three years sale at Sherrifs auction, so that worries me. Also one of the developers does not list his homes on the MLS, so i'm not sure what he actually sales them for.
I don't want to waste $450 on an appraisal if it isn't going to be worth it.
Posted on 5/29/12 at 10:47 am to TimTeblows
quote:
This was no where near accurate.
Don't look at the zestimate. Look at the "recently sold" homes nearby. It will give you good information on price/sq ft, which you can use to ballpark an estimate on your house.
Posted on 5/29/12 at 10:50 am to TimTeblows
quote:
one of the developers does not list his homes on the MLS, so i'm not sure what he actually sales them for.
I'm guessing these aren't showing on Zillow. IIRC, zillow only shows MLS listings and sales.
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