Here are some options to guide your research as you're thinking about selling your property:
- A local Real Estate Agent can help tremendously when determining the current value of your home. Many of you know, I am a realtor specialized in the Connecticut shoreline market, but if you are based elsewhere- contacting a locate real estate agent, is the best place to start your search. Their knowledge is going to be one of the best references to use. Just about any local realtor you contact will take the time to do a market analysis on your property, without any obligation to work with them. Take advantage of their knowledge, and if they do a great job, consider working with them.
- Zillow.com is great if you prefer to search the value of your property without contacting a realtor. Zillow can be helpful in guiding you towards a range in value for your property. Try taking their "Zestimate" with a grain of salt, since their system is automatically generated only be recent sales in the area.
- Trulia.com is very similar to Zillow as it is a real estate site that it helps with real estate searches and can give you an estimate value of your property. If you're going to use Zilllow, use both sites for a comprehensive vision and comparison. You may wish to average the two values to give you a better idea.
- Property Tax Bill is meant to determine an assessed value, in order to multiply it by the mill rate to calculate your property's tax amount. Please don't go off the assessed value on your tax bill, but there is a "market value" on the bill. It would be best to use this as another opinion to assess your property's value.
Overall, use multiple points of reference when looking up the value of your property. Don’t just use one source and expect it to be completely accurate.