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Answers (5)
- Maureen Francis _MI_
- Contributions:24
Zillow uses algorithms just like the ones that create your credit score, but a home is not a always so easily quantified. If you want or need an more accurate assessment of your home's market value, an local Realtor will likely provide you with a market analysis for free. Agents have been in houses and can see the upgrades and differences that computer programs cannot possibly take into account.
- Saul Zavala, "Century 21 Saul"
- Contributions:69
how are you getting these values? This doesn't make sense to me if your homes are similar and its next door to your home, the neighbors home value should be close to yours, unless there home is bigger or has been completely remodeled or has more bedrooms then yours. If the square feet of your home is a couple of hundred feet within the square footage of your home the value should be the same. Hope this helps if not call your local agent!
- John Cantero, "MarketingSpecialist"
- Contributions:189
One of the easiest ways to get a "market value" is to have a local real estate agent do a CMA (comparative market analysis), which is usually provided at no cost.
- Marshall Parsons, "REPro70"
- Contributions:134
The only way to get a better and more accurate assessment for the value of your home is by hiring a professional appraiser. The online estimates are just that. There are some flaws to the calculations and methods and they are meant to only be a close indication of the market value.
- JimmyGilley
- Contributions:27
You never know there estimates are based on what the home is and probably current sales. so if the homes are not identical they will move differently. For instance a 4 bedroom home might increase due to other 4 bedroom homes selling and a 3 bedroom home is dropping due to 3 bedroom homes not selling.
Why is my home value dropping ?
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