mlktwins Posted October 10, 2022 Share Posted October 10, 2022 What do you use for your true home values? Our assessed value is quite a bit less than home values on Zillow or Redfin, but even those seem low. I'm asking my friend for some comps. We are just doing the FAFSA for merit aid at this point, but I want the number to be a good number. Just curious what you used? So sorry for all my questions 😩! 1 Quote Link to comment Share on other sites More sharing options...
Roadrunner Posted October 10, 2022 Share Posted October 10, 2022 Thank you for asking them. I have same questions. Taking notes here. 3 Quote Link to comment Share on other sites More sharing options...
saw Posted October 10, 2022 Share Posted October 10, 2022 Not sure if you're talking about second homes or primary residences, but I thought (last info I saw) that the FAFSA doesn't consider the value of your residence. 2 1 Quote Link to comment Share on other sites More sharing options...
mlktwins Posted October 10, 2022 Author Share Posted October 10, 2022 Just now, saw said: Not sure if you're talking about second homes or primary residences, but I thought (last info I saw) that the FAFSA doesn't consider the value of your residence. Yes, but I was asked for primary on an NPC. And...we have a 2nd home. Quote Link to comment Share on other sites More sharing options...
saw Posted October 10, 2022 Share Posted October 10, 2022 I came across this that might be useful: https://reallifeplanning.com/blog/real-estate-college-planning Looks like it would be net worth and Zillow/Redfin if those are reasonable figures. 1 1 Quote Link to comment Share on other sites More sharing options...
kokotg Posted October 11, 2022 Share Posted October 11, 2022 (edited) I wouldn't go out of my way to come up with a higher value than what Zillow lists, unless the Zillow numbers are just completely ridiculous. If anyone asks where you came up with it, you have something to back it up (maybe even take a screen shot of Zillow if you want to really cover your bases). I've also seen people say that you should name a price that's what you could get if you had to sell your house right away--not what you'd get after prepping a house for sale. But basically I think it's one of those "don't overthink it" things...particularly since it's very unlikely to even matter in your case. Edited October 11, 2022 by kokotg 1 Quote Link to comment Share on other sites More sharing options...
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