Inputting estimate home value into quicken for mac 2017

INPUTTING ESTIMATE HOME VALUE INTO QUICKEN FOR MAC 2017 SOFTWARE

I may change it in the future if I have evidence that the house would sell for significantly more or less than that price. However, I simply use the homeвЂ™s appraised value from when I purchased it 2 years ago.

INPUTTING ESTIMATE HOME VALUE INTO QUICKEN FOR MAC 2017 SOFTWARE

I use MS Money 2004 and I have an asset account for my home so I can track my mortgage without the software telling me I have a negative net worth. Not that I actually do that myself, but that is as reliable a method as I can see for doing it. I recommend using some weighted average of 2, 3, and 4 (and, if you are or are married to a real estate broker, #1), adding 90% of the cost of home improvements (not repairs), and then multiplying by 94% (to reflect a 6% sales commission). There are a few sources of value estimates to use:ДЎ) a local real estate broker (but if you ask often theyвЂ™ll try and convince you to sell churning your home is not recommended)Дў) an estimation site like zillow (of unknown reliability their estimate on my house in a major city increased more than 10% inexplicably during January 2008)ДЈ) tax assessors office (can be a very lagging statistic here they always use the value as of January of the prior year вЂ“ so January 20 tax bills).ДҐ) your insurance companyвЂ™s estimate of replacement cost, plus the tax assessed value of the land.ДҐ) your own knowledge of improvements (but most improvements donвЂ™t return 100% at sale). But they arenвЂ™t high liquid (nobody is making a market in your home), so determining a value is iffy. To get an accurate picture of net worth, you should include major assets like a home.

Inputting estimate home value into quicken for mac 2017