Online Home Value Estimator, Are They Helpful?
You have likely seen many of the online home value estimation tools available on the Internet. Many companies offer these tools to help buyers and sellers gain an understanding of their home's value. Buyers may find these helpful to estimate the value of a home they’re interested. However these tools don’t account for many of the aspects that can greatly impact a home's value. Some of these include upgrades, views, lot locations, amenities, or design and layout of the home. Often these tools will use recent sales from a local MLS, closings and recordings from county records, and other online databases to calculate homes value. These may be good sources of information for a portion of the value, but local conditions, pending sales, seller credits, buyer contingencies and other transnational details should also be considered and can greatly impact a market value report. An online home valuation can provide a general basis for market direction and limited market value of a home. To understand the true value of a home you must dig deeper.
Try researching your homes value on a variety of these value online estimators and you’ll see the great variations in their estimates. There is nothing wrong with using these estimators to get a general idea for home prices in a neighborhood, but as you narrow down your search or get closer to the decision to list your home for sale, reach out to Steve Kruschke and ask for a market report for your home. This detailed report will give you a strong foundation of details about comparable homes the recently sold, are currently on the market, those that are in contract, as well as those that have not sold or canceled. Couple this with market trend analysis for the neighborhood and recent buyer and seller trends, and you will have a comprehensive and detailed report from which you can make educated decisions from.Home Value Request Form
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