How much is your home worth today?
If you are thinking about selling your home, you've likely asked yourself, "What could I get for my house today if I were to sell it?"
There are a number of different factors that influence the value of a piece of real estate including the neighborhood, the quality of construction, age of the home, finishes, school district, etc. But the true value of the home and the definition of "market value" all hinges on what a ready, willing, and able buyer is willing to spend. There is no crystal ball to tell you exactly what your home is worth. It's purely an educated guess that is developed after years of experience and research.
As a result, we don't recommend using any of these "free" home value websites such as Zillow. :
Don't trust your "Zestimate"
What is a "Zestimate"? If you are familiar with the website Zillow.com, you've probably heard of a "Zestimate", or an "estimate" on what a national website thinks your house is worth. It's a good theory, but if you rely too heavily on this number, you could be loosing thousands of dollars. Here's how:
On Zillow's own website, it states that the median error rate of the "Zestimate" is 8%. EIGHT PERCENT! That's an $8,000 difference if your house is worth $100,000! We don't know about you, but $8,000 is a lot of money, especially for someone looking to get as much money possible when selling their home.
This is why it's so important to contact a local real estate agent that knows the market in your area. If you want to know the true market value of your home, please contact us.