How Do YOU FIGURE OUT THE FMV OF A PROPERTY

At least it comes up with something for you. Every address I put in, it just sits there for 2 min. & I get an error, website can't be found...I not only did different Fl. addresses but also some N.J addresses also...I give up.

all I get is no data available.
ugh
Very frustrated on deciding FMV. I am from out of state so prices here are completely foreign to me. This would be much much easier in my home state.
Lauri

You can use Total view for fmv it seems to be pretty close on comps but with the way the market is you should really check with you RA The estimated number is you FMV so you should times that number by .7 or 70 percent or .6 or 60 percent then you really need to ask or go take a look at the property for estimated repair cost then you would subtract that too, this will give you an estimated offer price GooD Luck!!

Jay C

Websites only give estimated ARV. You need comps sold in the last 90 days, comps that are currently on the market and comps under contract. You must know your area! Sometimes comps can vary street to street! You must drive the comps and see how they compare to your property. Then you will know FMV before rehab costs. You must deduct any repairs and what you need for yours and/or your(or whatever your exit strategy is) buyers profit and then you have your offer amount.

Good Luck,
Michael Mangham
MD Home Acquisitions LLC

To all the people that wright on this website. I just want to Thank you for your information.

Richard Armendariz

Zillow is garbage in garbage out (uses zip codes and too vague), value finder (used by banks) is too general - the best factor for fair market value is listed above by MC - I would add to that checking the comps that colsed 90-180 days ago and you will know which way the market is trending. We are at .5% increase per month now and if I buy a property todat to flip in 90 days, I can could on 1.5% increase in the time I have it - this makes the difference in a low, low inventor market like we have.