Insider Real Estate Values, House Values Secrets in Whittier, CA

How banks figure real estate values in Whittier, California. Calculate your own home appraisal value. Find a home value for your house or a neighbor's.

Location, location, location used to be the motto for how banks figured real estate values. The secret to Whittier, CA house values is now comparables, comparables, comparables. Nothing is more important than recent closed prices for similar homes. That makes it easier than ever to find a home value.

Sell My House! Click the red link to find out how to get buyers excited about your Whittier real estate.

In this post-bubble real estate market the more the loan appraiser has to extrapolate property values, the more conservative they'll be. That's because banks are terrified of losing any more money due to bad loans on real estate.

It also makes it more important than ever to do what you need to do to get your house sold at the top of the possible price range. But don't do too much. And that's where I come in. Contact me, Bob Ulrich, or call 562-947-8125 for the best pricing, marketing and home preparation advice.

How to Calculate Your House Value Like A Bank Appraiser

First, click on the recent home sales page and enter the following data in the search box:

The home’s square feet living area (plus and minus 100 feet)
Number of bedrooms
Number of baths
Lot size (plus and minus 500 feet)

Then zoom to your neighborhood.

Mouse over the home closest to yours. A property detail box will appear.

Click on the "view details" link.

Look below the property photo gallery and find the "Market & Analytics" tab.

Select it and you'll see local recent comparables.

Look for homes that have been sold within the past 6 months.

Write down the prices for the three closest

Average them

That's it.

The bottom line for sellers real estate values is that your house may have a bidding war that prices it far above recent sales prices. It may have more upgrades and features, but you're going to get less for them than you'd expect. Lenders are basing home valuations on fixed factors like living area, beds, baths and lot size because those will last. A 'new' kitchen remodel is no longer new after a couple of years use.

Recent sales prices are the key to real estate values in Whittier, CA. Your challenge when selling is to do just enough to properly prepare your home so you get the highest possible values the comparables will allow. I can help you determine just how much to do. Contact me, your Whittier real estate agent Bob Ulrich, or call 562-947-8125.