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Updated over 7 years ago, 04/28/2017
Appraisal Value VS. Estimated Value
Hey everyone!
If someone has already answered this question somewhere and could point me in the right direction, that'd be great! Otherwise.... My situation is as follows:
I used the VA loan to get a property. The seller put the home up for 350k - I offered 350k - then an appraiser said it was only worth 280k and the VA would only fund it for 280k. I offered 285k and the seller accepted, luckily, as I had about 2k of skin in the game at this point.
Fast forward 4 years later and I'm ready to sell this property. Zillow says it should be worth 470k (I understand that Zestimates are accurate within 10%-20%). How do I make sure that I don't get into the same situation that the previous seller was in? It is currently rented out. Should I try to make a time for an appraiser to look at the property before putting it up for sale?
Thanks in advance!