I've inputted so much (total house remodel - high end upgrades) and they did not increase my value at all. I am a retired appraiser and it is totally wrong. Every house I have researched in the past few years has been under estimated, some quite significantly, including my own. Unfortunately, buyers, will rely on these estimates if they are not well informed.
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The problem with that is that so many uninformed buyers rely solely on Zillow estimates when making their offers. This is a seller's nightmare. I have typically found that property values I have researched in my area, are anywhere from 20 to 30% higher than Zillow's estimate. I am a retired appraiser. Don't ever count on one source being your sole guiding factor. Remember, it is just an opinion and a computer generated one based on averages which is not how a true appraisal is compiled.
Never listened to me. They are worthless
Also any amenities here? HOA dues? Thanks!!!
Foreclosures Up or Down?New residents per month?Unemployment rate?
Great buys are everywhere. They are negatives to some of the newer areas where many have association fees, higher foreclosure rates. The older areas have lower taxes, more affordable sales prices, but can be higher maintenance and in many instances need updating. It really depends what type of lifestyle he is into. If he is looking for a hip singles lifestyle, he probably might want to look at a condo development where the majority of the residents are in his age group. The high rises are VERY pricey even in this down market, but there are many nice neighborhood developments all over town.
Go to the Clark County Web site where you can find the info by searching by address or parcel number, owner name. You can then search backwards. It's relatively easy to figure out how to do. They are also very helpful at the Assessor's Office and might be able to give you the info over the phone if you have trouble with the website.
I have found generally speaking, that the Zillow estimates are quite a bit lower than the actual market values of properties. They do not take enough into account. If you have remodeled the interior, done significant upgrades, etc. they will compare your house to the guy across the street that has weeds two foot high and has not painted for the past 20 years. Your best bet is to call a certified appraiser that has been in the business at least 10 years, preferably one that belongs to the Appraisal Institute, which has a high code of ethics. It will cost you, but if you are serious about marketing your property in a timely manner, it may well worth the $350+/- fee that they charge. Realtors can give you an evaluation for free, which will help you get a "ballpark" estimate. Don't rely too heavily on Zillow. As an appraiser, their comps, in most instances don't work for the property in question. Be careful.