Should you rely on online home estimator tools?
As long as you’re on the internet, you might decide to try an online home estimator tool such as home price calculator, for example. With these “online tools”, property sites use sale prices near you (and overall market data) to approximately predict your own home’s value.
Info like this is good to know — particularly because most buyers will see similar numbers when they do online research — but you have to take what online home price calculators tell you with a grain of salt.
Keep in mind….Online price calculators can be useful as a reference, but they have limitations in terms of their scope (they can’t read nuances of the market like a human can), as well as their reliability. Some, including Zillow’s Zestimate tool, which estimates market value, have been challenged frequently by many users for inaccuracy!
For a more accurate estimate of your home’s value in today’s market, reach out any time for a FREE comparative market analysis.