Are Web Based Home Values Accurate?

The true market value of a house is what a person is willing to spend and what the seller is willing to accept governed by the mortgage industry if it is not a cash deal. Zillow, Redfin, Trulia and others offer instant home values that only offer an estimated value. They use algorithms and data from public records that doesn’t take into consideration the uniqueness of the house and neighborhood. Your local realtor knows the market. He or she conducts physical inspections and considers important values such as market demand and prices of similar properties in the neighborhood that are currently listed under contract and recently closed. Most people rely on internet home values because of its’ convenience and speed. If you are considering selling, refinancing or just want a more accurate and reliable market value of your house, contact a local, knowledgeable, real estate professional. Contact me today for a Free Market Analysis.