What Is My Amarillo House Worth?

Pink House Team

Keller Williams Realty

806-340-7630



How do I find out what my home is worth in Amarillo?

There are a few ways to find out the value of your home--or at least a general idea.  Each way has its value but only a laser focus appraisal will tell you what it is worth. 


Here are some examples of places to look

I randomly picked a house that just sold and this is the information that I found.

Property was listed at $136,900


  • Zillow Zestimate        $129,000
  • Potter/Randall Appraisal District  $130,661
  • Comparative Market Analysis  $136,500
The property sold for $134,500
 
 
Here is another example:
 
 
Property was listed at $235,000
 
  • Zillow Zestimate  $247,000
  • Potter Randall Appraisal District  $172,079
  • Comparative Market Analysis  $233,000
 
The property sold for $225,000
 
 
The market value of your house is really only, “what a buyer will pay in an open market based on the value they see“.  That is the ultimate test and the bottom line.
 
Usually there isn’t a giant discrepancy but you can see there is a difference. Probably overall, Zillow is the least accurate.  
 
 
 
 
One of the main reasons for that is that Texas is a “non-disclosure” state. What that means is that the purchase price of a property is not public information. Many other parts of the nation post the purchase price of properties in their appraisal district.  Since we don’t, Zillow has very little to go on.
 
The most accurate way to find the value of your house, is to have a Realtor do a Comparative Market Analysis for you.  A Realtor has the most accurate up-to-date information and is qualified to do the research for you.
 
Thinking of selling your Amarillo home?  Complete This Form
 
 
Pamela Madore
Pink House Team
Keller Williams Realty
7304 SW 34th
Amarillo, TX 79121
http://myamarillohomes.com
806-290-1920
 
 
 

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