Jul 5 2019 38376 1

Dated: July 5 2019

Views: 116

                                                                     On Line Home Values and the Price of Your Home

Plenty of sellers have visited online home valuations sites such as Zillow, Trulia and others only to be shocked at the published value of their homes.  Most sellers are pleased when the values appear higher than they expected but many online valuations come in far lower.  Estimating a home’s market value is far more complicated than the online sites provide.  Many times the tax role of adjacent homes is used which reset each time a home is sold.  If your home has not been sold for many years, the value is based on tax role from when you purchased it.  Comparing your home to adjacent and recently sold homes that may have been upgraded would be an unfair comparison.  It takes an experience real estate agent or appraiser to preview a home to determine its market value.  A set of comparables is only a guide and a good place to start.  One can’t compare a home by simply using a square footage and lot size.  It’s location on the street, whether it’s across from a school or commercial building etc. will alter its value.  Many on line companies are also offering to purchase your home but be careful!  Statistics show that the amount offered to buy your home for cash is on an average of 12% lower than the open market price will pay.  Contacting a real estate professional who is active on a full time basis is so important now more than ever.

If you or someone you know would like a FREE Home Market Evaluation, simply call me at 818 262-0924.  Over pricing a home will prevent it from selling and underpricing a home will be money out of your pocket!

Latest Blog Posts

Jan 5 2021 38376 1

What to Expect From Real Estate In 2021For real estate, as for many things, 2020 was a strange year. Despite a pandemic, a recession and unemployment that at one time hit 20 million, 6 million

Read More

Jan 2 2021 38376 1

A Perfect Storm Seeks Destruction of the U.S.As 2021 dawns, the war on our culture moves into high gear.  The opportunistic intersection of the resistance to the Trump presidency, the rise

Read More

Dec 1 2020 38376 2

Nearly Half of Americans Are Considering a Move During the Pandemic, but Why?With the coronavirus pandemic likely to stretch into next year, many people are spending more time than ever before in

Read More

Dec 1 2020 38376 1

How will California’s Proposition 19 impact property taxes?A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new

Read More