Business & Finance Renting & Real Estate

How to Determine the Value of an Asset's Equity or Worth

    Residential Property

    • 1). Navigate to an online real estate valuation site, such as Zillow or eppraisal. These sites provide residential home values for free. Values are based on various factors, such as property tax assessments and nearby home sales. Registration is not required.

    • 2). Enter your address and ZIP code into the search boxes.

    • 3). Review your estimated value. The values returned are estimates and may be used as a rough valuation figure. If you must have an official valuation, find a certified appraiser through an organization such as the Appraisal Institute or the American Society of Appraisers. You must pay a fee for an official appraisal, but this type of appraisal is often required for home equity refinancing.

    Vehicles

    • 1). Visit a vehicle valuation site, such as Kelley Blue Book or NADA. These sites offer accurate values for free, which are accepted by lenders, buyers and sellers as proper valuation sources.

    • 2). Select the option to find your car's worth or find used car values. You can also use the used car value method to determine a new car's value.

    • 3). Enter vehicle information. This includes the make, model and number of miles on the car. Answer questions regarding the condition of the vehicle. The search engine returns the current value of the car.

    Furniture and Other Household Items

    • 1). Navigate to a national used item marketplace site, such as eBay or craigslist. It may be difficult to determine official values of miscellaneous items you want to sell. Use these sources to determine a competitive price for your items.

    • 2). Search for items similar to yours for sale. Search for the exact item first. If you are unable to find the exact item you want to sell listed, search for a similar item.

    • 3). Note the condition of listed items you use in your comparison. If the condition of the listed item is the same as your item, set a similar sales price. If the condition is better, set the price of your item a little lower and if the condition is worse, set your rate at a reasonably higher price.



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