What’s My Property Worth?
Thinking of selling your property? Do not rely on internet valuations.
The internet is great. It can do a lot of things. But one thing it CANNOT do is give an accurate valuation of your home, condo, or parcel. Mega Real Estate Websites like Zillow and Trulia have no idea what upgrades you have added. They also do not know how few improvements the house down the street made. If a property within a couple mile radius of you -that happens to be run down and surrounded by other run down homes- but is a 3/2 with 2100 square feet just like yours-recently sold for $100,000 do you think your home should sell for $100,000 despite all of the work and upgrades you have added- not to mention the far superior location? Of course not.
This scenario can also work in reverse, and is often the reason for leading sellers to believe their property is worth far more than it really is.