Zillow vs a Realtor: Find out What your Home is REALLY Worth
Are you tired of endlessly scrolling through Zillow, hoping to uncover the true worth of your home in Virginia? If so, it’s time to put those generic estimates aside and discover the actual value of your property.
While Zillow and other online platforms have revolutionized how we explore real estate, their estimated home values can often miss the mark. Unfortunately, these automated algorithms may lack the intricate understanding of local markets and the unique characteristics that make your D.C. area home exceptional.
If you're serious about uncovering your home's worth and getting the most bang for your buck, contact a qualified realtor for personalized support and information!
Tip #1: Factor in the elements that add value to your home
The value of your home isn't solely dependent on one factor; it's a culmination of multiple elements – the location, property size, age of the property, the improvements made on the property, and several others.
So, if you want to find out the real worth of your Virginia home, it's crucial to factor in these elements.
Tip #2: Check out real estate comparables in your area
One effective strategy for determining your home's value is to explore real estate comparables, also known as "comps." Comps are recent sales of similar properties in your neighborhood.
Focus your search on properties that offer similar features, such as matching bedroom and bathroom counts, square footage, and desirable amenities. Pay attention to the sale prices and any unique characteristics that may have influenced those prices.
By comparing these sales with your property, you can better understand how your home stacks up against others in the local market. App’s can use algorithms to pull what they think the comps will be, but an experienced realtor will be able to compare homes that have recently sold, as well as houses they know have a pending offer, or even homes that have been sitting on the market too long. This information is worth its weight in gold when deciding what price tag should go on your home listing!
Tip #3: Consider getting a Comparative Market Analysis
A Comparative Market Analysis (CMA) is a highly reliable method that will help uncover the actual value of your home. A CMA considers recent sales, active listings, and expired listings to assess your home's value comprehensively.
To get an accurate CMA, it's best to consult a professional real estate agent with experience in your current housing market.
Consider getting a professional appraisal for your property
If you're seeking the most accurate valuation of your Virginia-area home, consider engaging a professional appraiser. A certified appraiser will thoroughly inspect your property and give you an impartial evaluation of its value.
Remember that an appraisal typically incurs significant fees, so we highly recommend exploring the previous strategies before taking this step. An appraisal should be considered the final puzzle piece in determining your home's value. When you work with a realtor, they can advise on if and when you should get an appraisal. Realtors also know some of the best appraisers in the area and can save you the time you may spend shopping around!
When determining the true worth of your Alexandria home, relying solely on Zillow's estimates (or any other similar tool, for that matter) may not provide an accurate picture. By implementing the strategies we mentioned, we’re confident that you’ll be closer to unveiling the actual value of your property.
So, don't let generic estimates hold you back. Take the initiative to discover the real worth of your home. After all, your home deserves a valuation that truly reflects its unique features.
Questions About Selling Your House?
We're here to provide you with expert advice and assistance throughout the selling process. Contact us at Shepherd Homes Group, and we’ll be happy to help you navigate the process and answer any questions you may have.
Selling a house is a big decision, and we understand that you want to make the best choices for your unique situation. Contact us today, and let us guide you toward a successful sale!