How to Do a Washington DC Real Property Search to Determine Your Home Value
You simply need to know tonight before you go to sleep how much your house is worth. Otherwise, you will be awake for hours dreaming of how much your home appreciated, or worse, depreciated. Now, how do you find out the value of your property tonight before you nod off?
If you are looking to do a Washington DC real property search for the value of your home, you can check out these free, fast resources below to help you do just that.
Washington DC Real Property Search Resources
The resources below will give you an estimate of the value of your home. Most of these sources use comparable sales information, which is also how real estate agents and appraisers determine residential home values.
With that said, be aware that these sources are not doing an in-depth search of properties in your area. These sites provide an estimate of your home’s value. If you are looking to sell your home, let us know at Express Homebuyers and we will give you an offer in 7 minutes. We have purchased over 2,000 homes in the Washington DC/Northern Virginia area over the past decade.
Zillow is great for finding free comparable sales in your area. Type in an address, and they will display the local properties in your neighborhood with estimated values for each home. Zillow even provides some sales data from recent property transactions, along with listings for current homes on the market.
Their mapping feature is fantastic for determining not only how much a property sold for, but also how close the property is to you. Professional appraisers for banks must keep comparable property sales to less than a 1-mile radius.
The District of Columbia keeps track of every property in the district for tax purposes. In order to provide accurate tax information they estimate the value of your property on an annual basis.
Keep in mind, however, that means you might discover some discrepancies in their value compared to an appraisers. For example, during the recession, most county governments did not lower the value of properties immediately, because that would decrease their tax base. When they finally did, they only lowered the values slightly.
At the same time, The Office of Tax and Revenue’s (OTR) can give you a quick, ballpark property value.
The final tool is not so much a tool to find your value, but a tool to help you see how much properties for sale are currently priced.
Seeing current properties for sale will give you an idea of what property values will be in 3-6 months when these properties sell. That is great if you are not ready to sell yet, or want to check out your competition.
Downside of Running Your Own DC Real Property Search
We mentioned this earlier in the conversation, but we cannot stress this enough. The searches above will give you a rough estimate of your home’s value. If you want to sell your home, and need to know the value then call Express Homebuyers at (877) 804-5252 to get an offer on your home in 7 Minute.