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Originally Posted by stickyfingerz
You can't go off zillow its always way low with anything I've checked for going market prices.  Call a local reality office and they will normally give you a close appraisal for free. |
I don't just blindly go by Zillow. I had said what I thought about the value given the recently comparable sales shown, including some within my complex. I had bought the last 2/1 from my complex so there's a chance I'm underestimating if 2/1 in this complex are considered more desirable than 2/2s, but I know enough about appraisals not to blindly go by Zillow or any other automated appraisal. It's more apparent through the recent comps in general that my value is what it is. Zillow is generally way off in rural areas or suburban areas with less selling activity or with clearly defined neighborhood or market boundaries that appraisers/realtors know that Zillow may not. In an area like this, especially given I've got a condo, it's got more of a chance of being close to reality.
Quote:
Originally Posted by budsbabes
sucks that you bought at the top of a bubble.
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This place had gone down about $55k in price by the time I bought, plus they had started offering 1 year free HOA (around $3500). So not exactly at the top of a bubble. I think prices had been going down since Oct or Nov the previous year.
Quote:
Originally Posted by AlienQ
Ya might want to keep your eye out for the government buying mortgages should the democrats make office. Basically under some of the provisions of the bail out home values can be re-negotiated and then adjusted accordingly for Mortgage. Soon paper work may be issued and you can get involved with that program should it come about.
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The unfortunate part is that likely the top priority for mortgage assistance will be on the horrible ARM mmortgages people got. I got a great mortgage on the other hand, fixed and non-interest only, so normally while they'd help fix the mortgage by fixing its terms, they're probably going to look at mine and go "er, what's the problem?"