Are you wondering how much your home is worth in the current market?
Maybe you want to sell or maybe you need the value for something else (refinancing, divorce, etc). Whatever your situation, don’t rely on those online calculators/estimators like Zillow, and the dozens of others out there. There are so many you could probably get 10 different values for your home in 10 minutes. The problem is that they can be 10%-30% off depending on the type of home you have, where it is, the comparables around you, and so much more.
If you are thinking of selling, the best way to get an accurate value is to talk to an agent in your area. Of course, if you’re in the metro Richmond area, I would love to help you. Remember, Zillow doesn’t have any idea if you’ve renovated your kitchen six months ago. So whether your house is better or worse than the neighbor’s homes around it, or the comparables that have sold around it, you want to make sure that the information on your particular home is accurate, and you don’t accidentally overprice (or underprice) it when you go to market.
If you’re looking at another type of situation, where you’re not going to sell your home, I would recommend getting a valuation from a licensed appraiser. They’re going to give you a more official document that is going to fly in court or a divorce case.
If you’re looking to refinance, the lender is going to make you get an appraisal and that’s going to be what they’re going to base their information on.
So there are a few different reasons why you might want to know the value of your home, but if you seriously want to know the value, don’t rely on these online estimators because they are often incorrect. If you’re in the Richmond metro area, give me a call or send me a message. I’d love to help. I’ll come take a look at your house, and give you an idea of where it stands in the current market. If you’re in another area and you need a licensed agent there that’s going to do the same, let me know. I’m happy to put you in touch with somebody. I have connections all over the country.