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I have a question on tracking your net worth.
I have a question on tracking your net worth.
+7
votes
asked
Jan 8, 2020
by
shelia23925
(
520
points)
I have a question on tracking your net worth. I have my mortgage listed in my account but where can I get the"most reliable" number for calculating equity? Should I be accounting for potential gains based on the market estimates (Zillow or Realtor. com estimates of sale price) or just using the sale price from when I bought it?
mortgage
account
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6
Answers
0
votes
answered
Jan 8, 2020
by
clerihew
(
150
points)
Personal capital uses the zillow estimate.
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0
votes
answered
Jan 8, 2020
by
iconostasis23
(
8.3k
points)
I have two buddies that are real estate agents in my town, I usually ask them what they think my house is worse once a year staggered every 6 months. So I ask one of them every January and one of them every August. I use that and manually update personal capital after the conversation.
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0
votes
answered
Jan 8, 2020
by
tali787
(
4.6k
points)
It really depends on how accurate of an estimate you would like to have. I typically use Zillow and update annually for the home value but I update monthly on the mortgage balance side. Zillow is not the equivalent of what @
iconostasis23
is doing but I also don’t have a friend in real estate to give me an estimate either. Mint and personal capital will do this within an app but I personally track net worth using an excel spreadsheet. Annually I copy it to a new tab so I can see it over time.
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0
votes
answered
Jan 8, 2020
by
medicinal10
(
3.8k
points)
Wealthfront app pulls from Redfin. The value of the property is taken into account for your total net worth displayed at the top right of the app.
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0
votes
answered
Jan 8, 2020
by
stichter35693
(
150
points)
For the past few years I've been manually taking an average of 3 sites, usually Zillow, realtor, and trulia.
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0
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answered
Jan 8, 2020
by
rede425
(
4k
points)
You should use your county appraisal and look at the comps used if you want to be most accurate.
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