So, what source is used to determine the value of the home? Do we use the assessed value as per the county, real estate comparables or one of the websites that generate a figure? DS will be applying to both FAFSA and CSS schools.
The price you could sell it for FAST. Call a local real estate agent and ask for sold comparables. Save the e-mail for "proof." Generally the question asks how much equity is in the home or the rental. So the dollar amount you could sell it for very quickly minus whatever is owed on it would be the value.
I went to alocal real estate agent and just had them do some comps of homes in your area that sold recently let them know why you need it done, they didnt charge me. Also our local county assessor sends out a statement when home values are very low and I sent that to the college also ie we paid $140,000 for a house 22 yrs ago in S Cal now worth $80,000 according to assessor and other sales. Wanted college to know there is no equity etcas it was a profile school
