I am interested in this home

I did an estimated value from several Web sites between the house that's for sale and my house. One thing that jumps out is Bank of America is very much higher than the other estimates. Also, the other house is consistently around 21% more in value across the board.

house comps.jpg
 

My son worked for Realtor.com for four years. Sites like these create formulas that consider a house's square footage, number of baths & bedrooms, acreage, year built, and other data specific to a particular property. Neighborhood comps and other local info are also part of the equation.

These rough estimates presume buildings and property are in good repair, ready to sell, and in immediately habitable condition. Houses that are in great condition often sell for more, houses that need a lot of work can sell for far less.

Hope that helps you interpret the data, Deb.
 
It won’t cost anything to ask a couple of realtors what they would list your house for. Just mention that you’re thinking of moving. They tend to be a little high because they want your business. It would give you some realistic information.

And if you’re moving, they may have a chance to sell you the new home.
 
Why get their hopes up if moving is niot in my immediate future? ;) The realtor that showed me the first house just shook his head sadly when he saw my house and said. "It's basically a tear-down." I guess these new, young realtors have only seen houses built in the last 30 years and have all the new "up-to-code" accouterments. The have a conniption when the see wallpaper over plaster. That was the style in Victorian houses. What gives there?
 
The repair costs can be throwing good money after bad.

It’s hard to evaluate all the things that are wrong with a house. Usually there‘re many more than are easily visible.
 
"They mention getting pre-qualified. Does that matter if I pay cash?"
Nice looking house Deb. It looks clean and doesn't look like anything needs to be done or updated. Seems to me you'd be in a position to get a better deal if you pay cash. Obviously if you do that, you wouldn't need mortgage pre-qualification. Have the realtor "work his/her magic" as they say on the real estate buying shows. Try to get the best deal you can, although according to many of the home prices here in Jersey, that seems like a good price for what you get.
BTW...I have relatives who are from the Mechanicsville, S.C. area. It seems funny to see that N.Y. has a Mechanicsville too.

@Aunt Bea Zillow is a good resource for prospective home buyers. Just went through several listings last week with a friend of mine who will hopefully be selling her home soon. She's looking at possibly paying cash as well. We saw things you pointed out such as taxes, appraisal values and "Zestimates" (Zillow estimates). Because she's looking at condos...we checked HOA fees.
 
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Love it! It's adorable and looks well kept.

I'd definitely look at it.

Looks like it could be a two car garage to me. If so, room for the dryer. A lot to think about so I'd be checking it out. Very cute house!
 
New here but I though I'd chime in since I am in NYS as well. How did it and you make out with those storms the other day? I know one very bad one passed through Mechanicville and one in Stillwater? Very nice house.
 
At least in my vicinity, we didn't get it very bad. Rained for about 10 minutes, some moderate wind and a few rumbles of thunder. I had some small twigs and branches down on the lawn, but nothing I couldn't handle. I saw on the news that some people about 6 miles away had their home destroyed. It looked like a small, modular home.

https://dailygazette.com/article/2020/08/29/high-winds-damage-property-in-stillwater
 

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