There are several ways you can get an idea of your home’s value. One, of course, is to use the internet. Websites, such as Zillow, provide a pretty good ballpark figure on your home’s price range but it’s probably the least accurate method of knowing the actual value.
Another common method is by simply hiring the services of a professional real estate appraiser. For about $300-$400, an appraiser will provide an “official” estimate based on a number of factors, such as recent comps (comparable sales), location, square footage, age, land area and other features.
Your Realtor can also provide what’s called a “comparative market analysis”, which is less formal than an appraisal but often just as accurate. Keep in mind that there is often a difference between what a house is worth and what it can actually sell for.