Today there’s a wealth of info available to home buyers and sellers that didn’t exist just a few years ago. Online home value estimator tools are a great example. While home value estimators are an excellent tool, they aren’t perfect. So what can you do if an estimator gets your home value wrong?
Do online home value estimators really work? How accurate (or inaccurate) are they? Can you trust what they tell you? This post will carefully examine three popular online home valuation tools and will provide some guidance on which one will give you the best ballpark pricing estimate for your home.
There are a number of online home value estimators that sellers can use to find out what their home is worth. Two of the most popular options are Zillow’s “Zestimate” and the Redfin Estimate. Having access to multiple tools begs the question: is one service better than the other and if so, why?
It was announced today that real estate giant, Zillow, is launching a new pricing tool for sellers, named Price This Home. This new tool allows homeowners to create an estimate of their home’s value based on comparable listings and recently sold homes in their neighborhood. The estimate is private and fully customizable.