Are automated home values really all that reliable? Find out today.
Most people are familiar with Zillow’s Zestimate tool, which generates an estimated home value based on public data. But therein lies the problem; Zillow might factor in a home’s square footage, general location, and appearance, but they don’t know everything that factors into a home’s value.
For example, they might know where the home is located, but they don’t know where on a particular street it is and whether that spot provides an ocean view that would boost a home’s value. They also can’t factor in any upgrades you’ve made to the property.
"Automated home valuation tools don’t know everything about your home that affects its value."
Today’s market is very unusual, with prices going up and inventory being so limited. When you want an exact market value to help price your home, you need to speak with a professional who has been in the market for a long time. Don’t overprice your home, though; just because the market is hot, doesn’t mean that your home will sell for any price you attach to it.
To estimate a home value, I use the HomeBot tool, which uses factors that you might not have considered. But when you need to price your home for the market, reach out to me so that I can help you calculate your property’s true value. I hope to hear from you soon!
Posted by Betty Gales on