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How to Find Your Real Home Value
Manage episode 168498506 series 1201954
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If you want to find your home’s true value, you should hire an expert.
Selling your Main Line home? Get a free home value report
Buying a Main Line home? Search all homes for sale
Whether you are looking to sell in the near future or are just curious, you want to figure out the value of your home. Should you use an online tool to find out the real value of your home?
When you use a website to find your home’s value, the website uses an algorithm that is based on homes that are both for sale and have sold in your area. It can also sometimes be loosely based on your tax assessment.
It’s very important when using these home valuation tools to keep an eye out for our expectations. The expectation is more of a guidepost, and sometimes it can be way off. For example, Zillow has admitted that their Zestimate tool can be up to 25% off in either direction.
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Zestimates can be up to 25% off in either direction.
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Many consumers are frustrated by this, which is understandable. That’s why we tell our clients to call us and give us their information. We will look at your home, homes that have actually sold in your neighborhood, homes for sale, how your home looks, and any improvement that you’ve made. From there we will be able to tell what is and isn’t real on the internet.
So go ahead and use online valuations as a guide, but if you want to know the true value of your home, feel free to give us a call or send us an email. We would be happy to help you!
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