Determining your home’s value on the internet
With such a massive amount of information just a click away, why not surf the real estate websites and take a look at what these sites believe your home to be worth.
As I commonly explain to sellers, go ahead and be the hunter-gatherer and utilize the numerous sites to educate yourself on the market in general. One can certainly evaluate the material collected and see trends, market activity and begin to assimilate what’s going on in the area BUT be sure to use the information as a guide. We’ve found enormous differences in values with under and over value issues on almost all online real estate sites. There are a variety of reasons why one may find erroneous numbers; limited or lack of comparable properties, incorrect comparisons, out of area comparable properties and a simple mistake like using the wrong school district or using a comparable with a power pole situated on the property, to name a few.
For most of us our home is our greatest asset. Getting the most accurate value is crucial to garnering the greatest sale price as well as qualifying for a refinance. Use the online data you’ve collected and compare these numbers with ones provided by a real estate expert, be it a real estate broker or appraiser.