Judith Sutton ABR CRS IDS PMN ASP IAHSP SRES GREEN
Judy@JudithSutton.com 908 803-0472
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Only an Expert Agent Can Give You an Accurate Value of Your Home
In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth. But be careful. The automated estimates you’re seeing online often miss key details that affect the true market value of your home.
Before you place a for sale sign in your yard and expect to bring in the number you saw for your house online, you need to understand why these tools generally aren’t spot-on and why working with an expert experienced real estate agent is the best way to get an accurate picture of what your house is really worth.
The Myth: Online Home Value Estimates Are Accurate
Online home valuation tools give you an approximate value for your house based on the data that’s publicly available for your home. While this can give you a rough starting point, the keyword here is rough.
Online home value estimators are not 100% accurate
The estimates are only as reliable as the amount of public record data the real estate websites can access. The less data gathered for your particular neighborhood, county and state, the less you can depend on this number.
The Reality: Online Estimates Miss Key Factors
Here’s the biggest issue with online estimates: they don’t take into account the unique aspects of your home or your local market. And that’s why an agent’s expertise can make such a difference when figuring out what your house is really worth. Here’s an example. As your trusted advisor, I will also factor in:
. The Home’s Condition: Online tools can’t tell whether your home has been well-maintained or if it needs significant repairs. The condition of your house plays a huge role in its value, and only an in-person walk-through can account for that.
· The Latest Neighborhood Trends: Is your neighborhood up-and-coming? Are there new developments or amenities nearby that make your home more desirable? Automated tools often overlook local trends that can significantly affect the value of your home.
· Accurate Comparable Sales: While online estimates may use past sales data as a baseline, they don’t always reflect the most recent or most relevant comparable sales, or comps. Real estate agents, on the other hand, have access to up-to-date market data and can give you a much more accurate estimate based on real-time sales in your area.
. Agents have a deep understanding of the local market: and they can provide insights that automated tools simply can’t match.
Online estimation tools determine pricing using algorithms that rely on publicly available information. These algorithms can vary widely from one tool to the next and typically don’t account for a home’s current condition or any upgrades or renovations that are not reflected in public records. So they are not as accurate as in-person methods, like a real estate agent’s comparative market analysis.
Online home value estimates can be a helpful tool if you want a rough idea of what your home is worth. They aren’t foolproof. The true value of your home depends on a whole range of factors that automated tools just can’t account for. For example: the quality build of your home, or your community's true value and what is trending now.
To get the most accurate estimate, ask me. As a trusted advisor working for your interests only, I can advise you with actual facts about your home’s value. That way you have expert guidance and up-to-date market insights to set the best possible price for your home.
I’d love to give you a detailed picture of what our company can do for you!
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while ensuring that your property receives the exposure needed
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Trusted resource for answers about the process
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Support through the closing and beyond
Why would you settle for anything less?
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Judy@JudithSutton.com
COLDWELL BANKER...GUIDING PEOPLE HOME SINCE 1906
908 803-0472
"...the right relationship means everything..."
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