214-620-0411 Sold@MarrTeam.com

….about that Online Price Estimate!!

Thinking about selling and need a valuation on your home?  You might not want to put too much weight into an online valuation tool, especially if your home is in Texas.  Texas is a non-disclosure state which means when a home is sold the sales price is not matter of public record.  The only people that have access to sold data is realtors and appraisers, not even the local taxing authorities are privy to the data.

Why you shouldn’t trust online Real Estate price estimates:

zillow.com: “The Zestimate is not an appraisal and you won’t e able to use it in place of an appraisal, though you can certainly share it with real estate professionals. It is computer-generated estimate of the worth of a house today, given the available data. Zillow does not offer the Zestimate as the basis of any specific real-estate-related financial transaction. Our data sources may be incomplete or incorrect; also, we have not physically inspected a specific home. Remember, the Zestimate is a starting point and does not consider all the market intricacies that can determine the actual price a house will sell for.” “Is a Zestimate an appraisal?” at zillow.com/zestimate *

trulia.com: “If you’re looking for a precise value for your home, or if you’re thinking of selling your home, we recommend you talk to a real estate professional. After all, our algorithms are smart, but we can’t know everything about your home’s features and location. Connect with real estate experts in your area.” trulia.com/trulia_estimates *

homes.com: “We’re not suggesting that you use our home value estimate in lieu of an appraisal from a trained professional when selling, purchasing, or refinancing, but it’s  the perfect source when you need a reasonable estimate and you don’t want to wait.” homes.com.home-prices *

Above are a few reasons why not to trust online real estate price estimates. If you want to know the true market value for your home you need to call us, your local real estate experts. We can give you a quick “average” valuation as a start and if you need a more precise number we can stop by and see the property to give a true market valuation.  Let’s us be your real estate “go to” professionals.  Knowledge and experience is not expensive, it’s priceless!

If you want us to review the valuation of your home, click here to give us some information and we can follow up with you on the current market value of your home.

 

Source quoted from here. 

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