Home Evaluation

October 8, 2008 at 11:00 am Leave a comment

Having a home evaluation completed on your property is actually a very simple task. Many people think it will be difficult and don’t want to interact with other people, so they resort to a quick answer online. It’s important to understand the difference between an automated home evaluation and a true home evaluation.

Below is a pros and cons list of using an automated home evaluation service and a local professional for home evaluation needs.

The Automated Home Evaluation

  • Tax Records Create Inaccuracies. Most of the automated sites offing free home value information like Zillow, Trulia or Cyberhomes are using tax records to calculate the value of your home. This model of evaluating your home can be extremely inaccurate, because computers often fail to take into consideration many important, local market factors.
  • The Local Markets are Changing. Your local real estate market is changing so rapidly that your properties value can literally change overnight. A computer data center that is located nowhere near your location will not be able to update rapid changes on a local level so quickly.
  • Research Yourself. My recommendation is that if you’re looking to obtain a home evaluation, use the automated free systems for fun… but you need to get connected with a local real estate professional who knows your local real estate market for an accurate home evaluation.

Local Professional Home Evaluation Sites

If you are truly looking to find out the value of your home, deal with a real estate professional. Find someone you can trust to handle your real estate needs.

Real estate agents are armed with accurate market values and have an up-to-date knowledge of recent trends in your real estate market. There are so many home evaluation issues that can come up in this business that a computer can’t see… your local agent can see, however!


Entry filed under: Home Appraisal, Home Values, How Much Is My House Worth. Tags: , , , , .

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