Are online home-valuation tools reliable? How do I know which ones to trust?
If you’ve tried to find out how much your home is worth, you probably noticed a range of values, depending on the source. Each site you visit: Zillow, Redfin, Black Knight, Core Logic, or your local appraisal district, each has a unique algorithm or method of calculating values using broad criteria pulled from nearby homes. Try as they might, none of these website tools can visit your home, speak with you about the upgrades and all the characteristics that make your home special. It takes boots-on-the-ground professional expertise to price a home properly.
The best way to get an accurate value for your home is to consult with a professional who has experience evaluating hundreds or thousands of homes and knows your local market.
Appraisers are qualified to provide sellers with a formal appraisal of market value, for a fee, in detailed format. Real estate agents and brokers are licensed and qualified to provide sellers with a market analysis of their home, which is a professional opinion based on the characteristics of the home, taking into account experience and market knowledge. These comparative market analysis reports are often called “CMAs” for short.
To get a professional, experienced analysis of the value of your home, click the button to start a conversation.
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