Want accurate home values in Springs Ranch? Our realtors understand that too high a price can scare off bidders while too low a price causes you to lose money. That’s why we are dedicated to giving you the best market price, the first time. When you work with our realtors, you can have peace of mind that you are getting the most accurate home values. You can be confident in the sales figure we give you because it’s the most reliable number. Why not go with the best, instead of wasting time with the rest?
If you are wondering how our realtors can determine your home value, the process involves a competitive market analysis (CMA). This uses information including the property’s location, the condition of the house and lot, and the current housing market in Springs Ranch to figure out your home’s value on the local real estate market. There are a number of factors that will be considered in our valuation process, including:
- Age of the home
- Square footage
- Number of bedrooms and bathrooms
- Recent updates or renovations
- Other factors specific to your home
These points will be combined with information about recent sales of similar homes in your area and current market trends. With all of this data, a realtor can give you a more accurate home value in [Springs Ranch] than other online tools such as Zillow.
What Method Does Zillow Use to Determine Home Worth in Springs Ranch?
A very popular method used by home sellers all over the country for estimating their home’s worth is the Zillow Zestimate. It is a proprietary tool that offers users free and accurate home values in Springs Ranch. The algorithm uses data including:
- Public property taxes
- Tax records
- Recent home sales in the area
- Listing price
- Days on market
- Market trends
- User-submitted information
- Add-ons like bathroom, bedroom, garage, or pool
- Corrections to public records (3 bathrooms instead of 2, for instance)
This data is fed into the Zestimate’s algorithm and produces a value that can be used to help you determine a reasonable asking price for your home.
Who Has More Accurate Home Values?
When it comes to the accuracy of the home values you receive from realtors and Zillow, there is definitely going to be a clear winner. Realtors can access records and dig into information that may not be readily and publicly available for online estimation tools such as the Zestimate. They also have the most up-to-date information about the current trends in the localized real estate market and can adjust the value accordingly.
As far as the online valuation tool is concerned, Zillow states that “Zestimates are generally quite accurate” and the “median error rate for the Zestimate of U.S. houses on the market is just 1.9 percent.” It does note that off-market homes have a larger median error rate due to the lack of data publicly available on the home.
It is also worth noting that certain counties and cities have more or less publicly available information concerning home size, features, age, and other data points, so certain areas may get more accurate value estimates than others. In metro areas, the Zestimate for on-market homes is usually “within 20% of the actual selling price.” To be fair, 20% is a large margin of error.
Our Realtors Guarantee to Sell Your Home!
Have you and your family decided that you may want to sell your home in the forthcoming months? Be sure that one of your first steps is to find a realtor who can give you more accurate home values in Last Vegas than online tools such as the Zillow Zestimate. At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, our team of realtors is dedicated to your home selling success, and we want you to get top dollar for your home.
To ensure we can help you achieve your home selling goals, we will make sure your home value estimation is as accurate as possible. If you want to learn more about home values from realtors and Zillow or to get started on your home selling journey, give us a call at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team or fill out the form below with the requested information. We look forward to hearing from you and helping you achieve your real estate goals in Springs Ranch!