Real estate appraisal

Don't know what you got but if it's anything like my situation and area, do yourself a favor and just do your own if you are just wanting to know and necessarily don't need a certified appraiser...

I've researched the realty market to death and it's so up and down all over the place right now for what I got it's crazy. My appraisal came 14% BELOW tax value (I think he was mad at me) and I had an interested buyer make an offer who had one done on my same place and came out 5% ABOVE tax value. But that's for the 1 bath market which I've discovered to be ridiculous and probably what every crack head in the county owned for there's more foreclosures than actual sales. According to what I'm finding I could add a $20k bath and it would add $50k+ to the value. If I had the time...

Regardless, you will need a licensed appraiser from your area. Lumberton???

If you just want to get a good idea on your own Zillow is a good source. Just find anything in the same neighborhood / or within a few miles that sold recently. And compare the tax values from your local GIS website. It would get you within 5-10% anyways.

Also look and see how many foreclosures in your area for comparables. That would give you an idea if it's a buyers or a seller's market.
 
Ah, typed that out on the phone. I'm looking into becoming a real estate appraiser as a career. Me and cherokeekid keep kicking out new job ideas. I'm just looking for some first hand experience in the field.
 
BigBody79 said:
Ah, typed that out on the phone. I'm looking into becoming a real estate appraiser as a career. Me and cherokeekid keep kicking out new job ideas. I'm just looking for some first hand experience in the field.
Click to expand...

My ex's dad did/does it in northern VA. It used to be a great career but he hates it now, all the banking regulation changes and everything had made it less profitable and a huge pain in the ass. He still makes a pretty good living though.
 
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