Is That Estimated Home Value Worth Anything?Texas REALTORS Staff2021-11-09T09:18:34-06:00
A simple internet search will tell you what a home is worth. Or will it? Just because a website shows you an estimate of a home’s value doesn’t mean that’s what you can buy or sell the house for. In fact, many home-valuation websites include disclaimers about how inaccurate their information may be. The internet also has plentiful data on median home prices in an area, the number of properties sold, days on market, housing inventory, etc. But even if that data is accurate and up to date (is it?), you may not know how those numbers translate into home values for the property you’re selling or buying. And how do you take into account the differences from one neighborhood to the next or one home to others nearby? Thankfully, your REALTOR® can show you accurate, comprehensive data relevant to your situation and provide the context to help you make sound real estate decisions. REALTORS® have the training and experience to explain what the latest market data mean for your situation. So before you get too excited or distressed about the real estate data you found online, talk to your REALTOR®.