A Couple of Pressing Questions Regarding Online Valuations

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Real Estate Broker with www.AtHomesCharlotte.com | Savvy + Company Real Estate 228209

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

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Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Terri Poehler 09/04/2011 11:45 PM
  2. Gabe Sanders 09/12/2011 07:12 AM
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Ambassador
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Jerry Newman
Texas REALTOR, San Antonio Military Relocation
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com

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.

September 05, 2011 11:31 AM
Rainmaker
1,686,843
Gabe Sanders
Stuart Florida Real Estate
Martin County Residential Homes, Condos and Land Sales

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

September 05, 2011 01:00 PM
Ambassador
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Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

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.

 

September 05, 2011 10:40 PM
Rainmaker
493,806
Lora "Leah" Stern 914-772-4528
Real Estate Salesperson
Coldwell Banker, 170 N Main Street, New City NY 10956

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

September 06, 2011 11:39 PM
Rainmaker
380,167
Elva Branson-Lee
CDPE - Atlanta Real Estate & Short Sale Agent
Solid Source Realty GA

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

September 08, 2011 10:02 PM
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Debe Maxwell

Charlotte Homes for Sale - Charlotte Neighborhoods
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Additional Information

Author Bio: Debe Maxwell is a Certified Residential Specialist in the Charlotte Metro region with a focus on the Charlotte luxury home market. My team of agents each have their own specialty areas, a benefit to anyone buying a home in Charlotte NC.

 

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