They use your whole county’s data – not just your neighborhood.
They don’t perform a Comparative Market Analysis – that can only be done by a Real Estate Agent.
They don’t take any renovations into consideration.
They weigh their results heavily on the prices that homes have recently been listed at, not the price in which these homes have been sold – which skews data.
So although you can start with an automated estimate, it’s safe to say that it does best paired with a Real Estate Agent who can gather more personal data about your neighborhood, street and any improvements or repairs that are needed in the home. As a Realtor®, I’m able to do the research so I know where your home stands in the current market, and what kind of market conditions you’re dealing with. That alone can be a major difference in the listing price that is going to bring you top dollar, but still allow for a quick sale.
At this point, you may be convinced that you may need some guidance around the area of automatic home evaluations. But you may also be thinking that you have no idea where to start. If you’re thinking about making a move, I can help you through the process. Let’s cha