It's almost net worth update time, and I'm scratching my head trying to figure out how to value our new house. Which source would you trust?
Zillow says $369K
Redfin says $467K
Listing price was $469K
We paid $465K
But with closing costs it really cost us $473K
The bank appraised it at $550K
Taxable value according to city is $381K
I'm tempted to go with Redfin, because they showed the houses they compared it with, and they all sold for $460K-$500K. Our bedroom count is one less than the $500K sales.
What would you say is the value of our house?
August 13th, 2014 at 11:29 pm
August 13th, 2014 at 11:34 pm 1407969240
August 14th, 2014 at 12:05 am 1407971134
August 14th, 2014 at 01:06 am 1407974778
When we bought our house I shaved 8% off the purchase price which was conservative but I didn't want to over-inflate the value of my non-financial assets.
August 14th, 2014 at 01:25 am 1407975930
August 14th, 2014 at 04:35 am 1407987326
I'd use price you just paid.. $465k.