The only way for a homeowner to determine the current fair market value of their home is to contact a Realtor to perform a Competitive Market Analysis (CMA) or contact a licensed appraiser to perform a full appraisal of the home. An appraiser will typically charge anywhere from $300 to $500 for this service.
The agents at DMS Properties, LLC ... Residential Real Estate Services have performed a market analysis of over 1,450 Maryland homes with combined values of over $406 million. Many of these were done for lenders in the form of a Broker Price Opinion (BPO).
You can request a FREE market analysis of your home by e-mail. It normally takes only 24 hours to complete and you will receive the document in your in box. After that, we can discuss the best course of action for you based on your individual needs.