Have you ever wondered “are home values accurate in Stetson Hills”? If so, you may be surprised to learn that getting an accurate home value] is extremely important when listing your home for sale. Don’t assume that your home value hasn’t changed since you purchased it. After all, home values can change periodically, so relying on an outdated home value could cost you thousands.
So, if you can’t rely on past home values, how do you get current accurate home values? Simple – you use the expert realtors at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team.
You’ll get an accurate home value that is based on updated information and the most reliable data. With our extensive knowledge and valuable experience, we can answer all your questions, including “are home values accurate in Stetson Hills?”
The Importance of Home Values
When you decide to put your home up for sale on the MLS listings, it’s vital that you have a fair and competitive listing price. Your listing price is the first impression potential homebuyers get of your property. Having your home priced to sell – while netting you the most profit – is that perfect balance that’s not always easy to find.
To get the most reasonable and most profitable sale price, you can use a variety of methods. The most important avenue you can take is getting a home valuation completed by a professional. Why? Because if a home is priced too low you are missing out on potential profits. However, if you price your home too high, you could scare off potential homebuyers who could buy a comparable home in the same area. Keep in mind that potential homebuyers will likely know what comparable homes in the area cost from looking at other homes. Aberrations in price may make them think twice about your home. Instead, you want a price that is both competitive and profitable. Without a price that is both, you could miss out on potential offers.
Some home sellers, though, will rely on free online home valuation tools such as the Zillow Zestimate in order to get this number. Although this is a great place to start, Zillow should not be your final step in the valuation process, nor should you rely on its estimate to determine your listing price.
Are Zillow Home Values Accurate in Stetson Hills?
On the Zillow website, you will find a handy tool that is an innovation of Zillow called the Zestimate. It is a proprietary tool that provides homeowners with a way to estimate the value of their homes. It mostly relies on publicly available and user-submitted data to make its value determinations. Although you could easily use the Zestimate to keep track of the estimated value of your home throughout the years, it is not at the same level as a professional home valuation.
Zillow Zestimates rely on past sales in Stetson Hills (comparables) to determine the basic value of your home. Unfortunately, it does not take into consideration factors such as home improvements or upgrades that have been made, renovations or additions, neighborhood turnovers (high selling neighborhoods have more recent data to incorporate into the algorithm), or the conditions of the neighborhood itself. Therefore, the Zestimate can be wildly inaccurate.
In fact, Zillow’s FAQ page states that the “median error rate for on-market homes nationwide is 3.2%” and the error rate for off-market homes is 7.52%. These numbers can add up to significant losses, so it is always advisable to speak with an experienced and local realtor to determine the value of your home and a reasonable asking price.
How Does Zillow Determine Home Value?
In order to determine your home’s value, the Zillow algorithm takes all of the homes located within a certain zip code, bundles them together, and then averages them out given certain parameters such as single-family homes with approximately 2,000 square feet and 3 bedrooms. That average is the value the Zestimate gives for a home that meets those criteria. Zillow home values in Stetson Hills do not factor in specifics for your individual home which could raise or lower the value.
Benefits for Home Sellers of Expert Home Valuations
When you work with an expert realtor who can give you a professional home valuation, you can rest assured knowing that the value estimate will be accurate. You can use it to determine the most reasonable and profitable asking price for your home, especially if the valuation is based on local knowledge of the current real estate market.
Our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team can give you this valuation and help you use the information to determine the right asking price for your real estate listing. Using factors about your home that Zillow does not take into account is the way that our team can guarantee our valuations are more accurate than any other online home valuation tool. No matter what the current market looks like, we will make sure you are able to sell your home fast and for top dollar.
Our Realtors Can Get You Accurate Home Values
Have you and your family decided to sell your home and have been wondering “are Zillow home values accurate in Stetson Hills?” If so, you have come to the right place. Our team of real estate professionals are here to give you the answers you need to any and all questions you may have. We will also ensure that you get the most accurate home valuation so that your real estate listing’s asking price is both reasonable and profitable.
To get more information about home valuations or to start your home selling journey, give us a call at 719-301-1802 or fill out the form below with the requested information to get a detailed response from one of our realtors. With our team on your side, we guarantee you have the best possible home selling experience by achieving your real estate goals.