A Home Valuation is a Good Place to Start
How Your Home Valuation is Calculated
Online valuation tools such as Zillow or Trulia are fine if you're interested
in a ball park figure of what your home is worth. Online websites use
millions of transactions filtered through an algorithm to determine your
home's value. I do every valuation the old fashion way, by digging in to and
sifting through the data to find the most recent, closest and similar comparable
properties in your neighborhood. I can even physically view the property if
you wish. I know the neighborhoods and the area, I know how the local market
is trending. Online tools can't do that!
|Online Sites||My Report|
|Publicly Available Data
Tax Records, assessments and other public records
| Recent Sales History
Combine the home's last sale price with current market price
| Comparable Market Analysis
Look at recent sales records for other properties in the same neighborhood.
| Knowledge of the Area
Local schools, shopping, commute options and activities area all considerations
| Local Market Conditions
living and working in area makes all the difference
| Characteristics & Condition
A property inspection can be arranged to note any improvements,
upgrading or potential problems.