Christian Real Estate Professionals : A Couple of Pressing Questions Regarding Online Valuations

A Couple of Pressing Questions Regarding Online Valuations

Answers to Your Questions about Online Charlotte Real Estate Valuations

Online Home Valuations vs. The 'Real' ThingI’ve recently been receiving a lot of questions about the estimated Charlotte real estate values provided by a variety of online sources.   I thought I’d answer a few of the most frequently asked questions that I get today.

Q.  Why is the price you think my home can sell for different than the estimated home values provided by online real estate sources?

A. Because computer programs set those prices.  Here’s how it works in general.  A computer pulls the description of your Charlotte real
estate from public records.   Using that extremely basic information, such as square footage and number of bedrooms and bathrooms, the computer comes up with a price for your home.

Computer programs and national websites, nor their employees personally visit your home or other homes in your neighborhood to distinguish the differences and similarities.  For example, they cannot see that your home has recently been painted and renovated and is in a totally different development than the neighboring one that is on the same street, with the same zip code.

Q.  Are there any circumstances in which those computer generated values are at least fairly accurate?

A.  The estimated home values could be in the ballpark if all the following are true:

  • Your home is in a subdivision in which homes are very similar;
  • Several homes just like yours have sold recently;
  • Homes are not being sold as short sales or going into foreclosure;
  • Your home is newer and has not had a major renovation or addition that is not in the public records.

While it’s fun to go online to see what your neighbor’s home sold for, don’t use that information as the bottom line, denoting what your home could sell for in today’s market.

If you’d like a free, in-person, professional analysis of what your Charlotte real estate could sell for in today’s market, give me a call or email me today.  No obligation, just ‘real’ information.


Read more: http://www.icharlotterealestate.com/answers-to-your-questions-about-online-charlotte-real-estate-valuations/#ixzz1WvJgOOIW

The Maxwell House Group Charlotte NC

 

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Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

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Comment balloon 11 commentsDebe Maxwell, CRS • September 04 2011 11:04PM

Comments

Debe - It's amazing that people think a computer program can give them an accurate estimate without even measuring the house, or seeing the condition. Here in Nashville, most of these estimates are off by at least 10 percent and some as much as 20 percent.

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) over 8 years ago

Hi Debe. I agree with you. Sounds like Zillow to me! Anyway, I enjoyed reading your blog post. Thanks for taking the time to post it.

Posted by Rob Magnotta, Huntington Beach & Newport Beach Coastal Specialist (Huntington Beach, Newport Beach, Seal Beach, Irvine REALTOR) over 8 years ago
I tell my sellers it's a "guesstimate". Because it's missing the personal touch .
Posted by Terri Poehler, Coral Springs Real Estate Agent (Realtor) over 8 years ago

Well put Terri Poehler. Just don't understand how can a computer software give you the value of your home without knowing whether you have made improvements or upgrades to the house.

Posted by Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES (Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC) over 8 years ago

What I don't understand is why agents put those forms on their own websites. It's bad enough that people can go to Zillow to be misled.

Posted by Marte Cliff, Your real estate writer (Marte Cliff Copywriting) over 8 years ago

Debe - these are frequently asked questions. Thanks for providing very adequate replies. I appreciate the detail.

Posted by Larry O'Sullivan over 8 years ago

Hi Debe. There's nothing more valuable that having an agent give their personal Home Values Reports to those potential sellers, who plan to list their homes. Great job on explaining those computer generated CMAs.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) about 8 years ago

Great answers here Debe.  I just wish that some people wouldn't believe everything they read on the Internet as gospel.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 8 years ago

Debe these are questions asked by consumers all over the country and your answers were spot on.

By the way glad, you liked the NY apple facts.

 

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) about 8 years ago

Debe - the best estimates don't replace the local area experts (like you).

Posted by Lora "Leah" Stern 914-772-4528, Real Estate Salesperson (Coldwell Banker, 170 N Main Street, New City NY 10956) about 8 years ago

WDebe, thanks for a concise, easy to understand answer to this frequent question. Your clients are fortunate to benefit from your vast expertise.

Posted by Elva Branson-Lee, CDPE - Atlanta Real Estate & Short Sale Agent (Solid Source Realty GA) about 8 years ago

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