Tips to find out how much your house is worth

Determining how much a house is worth is not an easy task. Basic information about home values ​​is always available, but who are the people to trust when it comes to evaluating a home’s value? appraisers? real estate agent? Zillow?

There are many free tools online that can estimate a home’s value, and each site uses different information to determine its best estimate. Why do we trust computers for information like this? Because it’s fast and convenient. However, does convenience always lead to accuracy?

Home value estimation websites cannot evaluate – they can simply provide an estimate based on what you tell them. Can a mechanic pinpoint a problem with your car if he doesn’t tell you everything that’s wrong? I don’t believe it. Home value reductions, such as a cracked foundation, can only be assessed with an online calculator if he tells the calculator it exists. Even then, he doesn’t know how bad crack is. Try telling an online tool that your foundation just has a crack and the entire foundation isn’t bad. Computers generally work on yes/no answers, and home value calculators are no different.

As if that weren’t enough, website estimators generally don’t provide definitive numbers. Instead, they provide a price range. If you can’t get a definitive and immediate answer to your home equity question, why request an online calculator?

To determine how much value you have in your home, a real estate agent is the best option. They have local knowledge of your real estate market and can provide quick and reliable answers based on recent sales. On top of that, they can judge the subjective conditions of the home, such as a small crack in a foundation vs. a damaged foundation in need of repair.

Would you trust anyone who uses the internet to manage an internet marketing campaign? No. Working with a local real estate agent to find out how much your home is worth is essential to getting an accurate estimate.