Online House Evaluations. Selling a house is not an easy task. The one thing that most sellers are concerned about is whether their house will get sold for the right price or not. You can always ask about the nearby houses that got sold recently and get an estimate. However, these are never accurate because you don’t know how much renovation work has been done inside. Your local real estate agent will be able to paint a better picture.
The first time Google Earth introduced the feature where real estate agents could look up houses from the sky was a game-changer. Today, thanks to constant innovation, agents have had to enter into new territories. They have to keep up with the changing technology or risk losing their clients.
One such innovation is online evaluation.
This simple service allows homeowners to enter the details of their house and get an estimate of its price. Pretty cool, right.
The question is: Are these estimates accurate?
This online service provides quite the convenience. Still, you shouldn’t rely on it to set the asking price of your house.
Here’s why:
It’s Automated
The evaluation is based on several factors, including the house’s square footage, its location, and a number of stories. It does not take into account any changes made to the house or the surrounding area. Moreover, the appraisal follows patterns programmed into the website running it. Therefore, when you enter your house’s information, it will simply pick data that has been fed into it and give a number. Now, this number can be either higher or lower than your expectations.
It Doesn’t Account for Special Features
A Windermere Florida realtor usually looks at comps to determine a house’s initial price, and so does an online evaluation calculator. The difference is that an agent looks at the Orlando real estate in-depth and determines a house’s price based on the special features added to it. A software program cannot do that; it simply gives a number based on the current market trends.
Different Estimates
Since a property’s value increases over time, it’s hard to find what it could be worth. Factor in the renovations you made, and you have invested several thousand dollars more to make the house appealing. Different websites will give you different estimates based on their algorithms. Hence, you shouldn’t set your asking price according to the estimate you get. Always consult a real estate agent to make sure you don’t end up down-pricing your house.
Now that you know that an online evaluation helps you get an idea of your house’s worth, why not talk to a professional to get help with its sale process. Work with a Sanford Florida realtor, a leading market expert to get your house listed properly. For quality Orlando real estate, visit the website Megan Dowdy Realty or call 407-509-9279.
