Well for the property challenged (me!), it at least tells me my house is worth what I owe, and probably more, which means we aren't stuck in it forever!!! [img]i/expressions/face-icon-small-smile.gif[/img] I want a bigger house! [img]i/expressions/face-icon-small-smile.gif[/img]

And all the stuff I looked at seemed a little low depending on the neighborhood, but when you compare it to what people are asking for their homes (get the address for the house for sale, and look it up), Zillow is around $20k less than they are asking [img]i/expressions/face-icon-small-shocked.gif[/img]

Hmm.........

 

Yeah, then it looks like they're placing value by sq.ft. price for comps onto surrounding homes. Says nothing of condition of property or whether comparing a rambler to a 2 story to a split to a tri to a daylight basement and so on down the line!

 

[quote]
Originally posted by: Racergirl24
[quote]
[i]

I want a bigger house! [img]i/expressions/face-icon-small-smile.gif[/img]

You two should have bought the house next to us when it sold at a bargain price!
Kids, they never listen!

 

If you could get some property i bet there is enough construction inclined psar folk we could build you a house pretty cheap [img]i/expressions/face-icon-small-happy.gif[/img]

 

[quote]
Originally posted by: Red400EXRod
[quote]
Originally posted by: Racergirl24

Darn kids anywho!

 

Yes well, hopefully everyone uses the ruler and not the old way of measuring.......by a cubit!! [img]i/expressions/face-icon-small-smile.gif[/img]

 

You run into this same problem when having an official appraisal as well. It all depends on the appraiser, but they can only go off of what's available, and the inside of the homes are not available to them.....so the comps could have terrible insides and nice outsides...but they still get used to appraise your home..........
I just need to find a nice young couple that love cramped, dumpy houses AND that have lots of money to spend! Then maybe I can sell my house for some profit!! [img]i/expressions/face-icon-small-smile.gif[/img]

 

But, a good appraiser should use comparable homes, ie: rambler vs rambler, 2 story vs 2 story and so on.
Now I did say, a "good" appraiser.

 

Are you suggesting their are "bad" appraisers??? What do you know mister!! [img]i/expressions/face-icon-small-smile.gif[/img] [img]i/expressions/face-icon-small-happy.gif[/img] [img]i/expressions/face-icon-small-shocked.gif[/img]
Do you have insider secrets!????

 

Let's see, 4,000 - 5,000 sq.ft. building lots are selling for $120,000+ in Snohomish County.
Then you're looking at $80.00 - $100.00 per sq.ft. to build the house.
It gets expensive very quiclky!
That is why, even though I am a contractor, I will stay in my 40 year old 2100 sq.ft. home.
I love the low monthly payment!