Are Home Value Estimators by Housevaluestore.com Really Accurate?

Jyl Lytle

Description

https://www.housevaluestore.com/
Home Value Store provides a tool that is supposed to help home buyers and sellers determine the value of a property. When you’re preparing to purchase a home, it’s best to get your ducks in a row before speaking with an agent.

Informations

• Publié par: ferelrew
• Publié le: 09 mai 2016
• Nombre de lectures: 0
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Are Home Value Estimators by Housevaluestore.com Really Accurate?

Home Value Storeprovides a tool that is supposed to help home buyers and sellersdetermine the value of a property. WheŶ you’ƌe pƌepaƌiŶg to puƌĐhase a hoŵe, it’s ďest to get youƌ duĐks iŶ a ƌoǁ ďefoƌe speakiŶg ǁith aŶ ageŶt. Look online for properties, calculate mortgage payments and do a little initial paperwork to see if you pre-qualify for a loan. When you have clear-cut ideas of ǁhat you ǁaŶt aŶd ǁhat you ĐaŶ get, you’ƌe iŶ a positioŶ to aĐt ƋuiĐkly if you fiŶd your dream home.

As a buyer, you need a rough estimate of what a home is worth in order to shop for a home loan. When you have a basic idea of what a certain property is worth, you can fill out the paperwork to get pre-qualified for a mortgage. When you pre- Ƌualify, you pƌoǀe that you’ƌe a ŵotiǀated ďuyeƌ aŶd ageŶts ǁill take you seriously.

Let’s Diǀide theŵ ǁith IŵportaŶt poiŶts:-  Traditional Home Estimators  Qualify using House Value Estimation Techniques  Factors What is your Home Really Worth?  Supply and Demand Consideration  Conclusion Traditional Home Estimators:-

Home value estimators traditionally work by comparing similar sized and constructed homes within a certain radius of the property being estimated.

The pƌoďleŵ ǁith these types of estiŵates is that they doŶ’t take iŶto aĐĐouŶt the condition of homes being sold: only size and construction/amenities. The location of sĐhools, shoppiŶg aŶd otheƌ aŵeŶities is also igŶoƌed. You ĐaŶ’t possiďly get aŶ accurate estimate this way. Imagine you see a home for sale by owner. You get home and search the address of thehouse to see ǁhat you ĐaŶ pull up. You haǀeŶ’t Đalled the selleƌ, so you have no idea how much they want for the house. You pull up a home value estimator, type in the address and get a basic idea of what you think the home will be worth.

Qualify using House Value Estimation Techniques:-

AssuŵiŶg the ŵaƌket foƌ housiŶg is Đoŵpetitiǀe, it’s iŵpoƌtaŶt that you get pƌe- Ƌualified as sooŶ as possiďle so soŵeoŶe else doesŶ’t ďeat you to the puŶĐh. It’s a lot easier to pre-qualify and make an offer on a home when you have an accurate estimate ona hoŵe’s ǁoƌth. ThaŶks to Ŷeǁ adǀaŶĐes iŶhouse value estimation techniques and technology, you can rest assured that the estimate you get on your dream home is the best you can get without hiring professional inspectors.

Factors into account when estimating property values.

1.Are there any major events happening in the area that would affect values? 2.What is the situation with supply and demand? 3.Is the market low-inventory, or cluttered with homes just like yours? 4.Have many homes sold in the area within the last 30, 60, and 90 days?

5.Hoǁ ŵaŶy listiŶgs haǀeŶ’t sold iŶ the saŵe aŵouŶt of tiŵe? If the market is active, your home may be worth more.If it’s stagŶaŶt, it Đould take a while to sell your home. When providing free house value estimates to buyers and sellers, The House Value Store takes advantage of more sources of data to bring you the most accurate results possible. Better information. Accurate estimates. No cost to you. Perfect! What is your Home Really Worth?

Youƌ hoŵe is youƌ Đastle aŶd oŶe of life’s ďiggest iŶǀestŵeŶts. As ǁith aŶy investment, monitoring its value is incredibly important. Values can plummet or skyrocket based upon a multitude of factors that that may or may not have anything to do with the home itself.

 Do you want to make a lot of money on your investment?  Are you prepared to move fast in order to preserve your bottom line? TheŶ keep aŶ eye oŶ youƌ hoŵe’s ǀalue. It’s iŵpoƌtaŶt.

Getting an accurate valuation on your home was once very difficult. Online sources used data from Comparative Market Analysis (CMA) reports in order to giǀe ƋuiĐk estiŵates oŶ youƌ hoŵe’s ǀalue.

These figures compare homes that are close to the same square footage and amenities that are sold in one area in order to come up with a home value. Hoǁeǀeƌ, they doŶ’t take iŶto aĐĐouŶt the ĐoŶditioŶ of aŶy of the hoŵes ƌeĐeŶtly sold, the specific data surrounding the neighborhood where the client lives or a number of other factors.

Based upon results from free onlinehome value estimates, homeowners start making tentative plans to sell their properties. They estimate how much they have left on their mortgages and what interest rates competing banks are offering. They go to a real estate agent with financial goals and a soft plan in mind only to find out that their initial estimate was off the mark. It puts them right back at square one.

The pƌoďleŵ is CMA’s is that, iŶ aŶ eǀeƌ-changing market, ballpark figures just wonOutside iŶflueŶĐes aƌe ǀeƌy poǁeƌful aŶd affeĐt ŵaƌkets’t ǁoƌk aŶyŵoƌe. every day. New developments being built, roads going in, employers move in or

out of toǁŶ, etĐ. ĐaŶ ƌaise oƌ loǁeƌ youƌ hoŵe’s ǀalue ǁithiŶ days, ďut oŶliŶe estiŵatoƌs doŶ’t ƌefleĐtthose circumstantial changes.

Supply and Demand Consideration:-

When dealing with the low-inventory markets in California, it is especially important to take supply and demand into consideration. How many homes are on the local market? What are their amenities and how do they compare to other homes on the market? How homes have recently sold in the area in the last 30, 60, and 90 days? If the market is flooding with inactive listings, values could be lower. If the market is active, values are higher.

When providing you with free home value estimates, The House Value Store uses a ǁide aƌƌay of iŶfoƌŵatioŶ iŶ oƌdeƌ to deteƌŵiŶe youƌ hoŵe’s tƌue ǁoƌth. WheŶ accuracy is vital to making plans that affect your life, get the best, most accurate quotes you can. Estiŵate youƌ hoŵe’s ǀalue the ƌight ǁay today.

Conclusion:–

Overall, online appraisal sites are certainly useful tools, giving you a dynamic, ever-changing snapshot of home prices on your block—even on your own home.