ออฟไลน์ด้วยแอป Player FM !
How Accurate Are Online Price Valuations for Luxury Homes?
ซีรีส์ที่ถูกเก็บถาวร ("ฟีดที่ไม่ได้ใช้งาน" status)
When? This feed was archived on March 11, 2022 03:11 (). Last successful fetch was on November 11, 2021 12:08 ()
Why? ฟีดที่ไม่ได้ใช้งาน status. เซิร์ฟเวอร์ของเราไม่สามารถดึงฟีดพอดคาสท์ที่ใช้งานได้สักระยะหนึ่ง
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 184322542 series 1313965
In recent times, a lot of negative things have been said about online home evaluations. Many real estate agents can’t stand online home evaluation tools, simply because they are not accurate.
Personally, I don’t think online home evaluations as a whole are entirely bad. However, what can we find out about their accuracy is by looking at 10 of the highest-priced homes in Illinois? How does online home evaluations tools compare to real world list price?
Well, after reviewing the numbers, the owners for some of these homes may not be too happy. In today’s modern world, a lot of buyers look online for the supposed "Kelley Blue Book" of real estate. But the truth is that online home estimate tools simply aren't accurate enough for this to be the case.
At the end of the day, the market determines value—not online home evaluation tools. Seller’s should always rely on an appraisal for the most accurate information possible.
But let’s get back to those 10 properties I mentioned earlier. As it turns out, 9 out of the 10 were priced well below asking price. This doesn’t entirely surprise me.
What did surprise me, though, was that 8 of the 10 properties had an online value that came up to just 43% or less of the true asking price.
”
Also, only 1 of the 10 online home evaluation's had a home at just 1% of its asking price. That’s a huge difference.
Of the 10 homes we looked at, only 1 actually had a favorable online based value which was above asking price.
So, at least in the case of high-end homes, do not rely on internet based home value tools to determine the value of your property. They are simply way off.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Click here to watch the lifestyle film for 205 E. Prairie Ave, Wheaton IL | Click here to view Michael's current listings | Click here to watch the lifestyle film for Lionhead Farm |
21 ตอน
ซีรีส์ที่ถูกเก็บถาวร ("ฟีดที่ไม่ได้ใช้งาน" status)
When? This feed was archived on March 11, 2022 03:11 (). Last successful fetch was on November 11, 2021 12:08 ()
Why? ฟีดที่ไม่ได้ใช้งาน status. เซิร์ฟเวอร์ของเราไม่สามารถดึงฟีดพอดคาสท์ที่ใช้งานได้สักระยะหนึ่ง
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 184322542 series 1313965
In recent times, a lot of negative things have been said about online home evaluations. Many real estate agents can’t stand online home evaluation tools, simply because they are not accurate.
Personally, I don’t think online home evaluations as a whole are entirely bad. However, what can we find out about their accuracy is by looking at 10 of the highest-priced homes in Illinois? How does online home evaluations tools compare to real world list price?
Well, after reviewing the numbers, the owners for some of these homes may not be too happy. In today’s modern world, a lot of buyers look online for the supposed "Kelley Blue Book" of real estate. But the truth is that online home estimate tools simply aren't accurate enough for this to be the case.
At the end of the day, the market determines value—not online home evaluation tools. Seller’s should always rely on an appraisal for the most accurate information possible.
But let’s get back to those 10 properties I mentioned earlier. As it turns out, 9 out of the 10 were priced well below asking price. This doesn’t entirely surprise me.
What did surprise me, though, was that 8 of the 10 properties had an online value that came up to just 43% or less of the true asking price.
”
Also, only 1 of the 10 online home evaluation's had a home at just 1% of its asking price. That’s a huge difference.
Of the 10 homes we looked at, only 1 actually had a favorable online based value which was above asking price.
So, at least in the case of high-end homes, do not rely on internet based home value tools to determine the value of your property. They are simply way off.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Click here to watch the lifestyle film for 205 E. Prairie Ave, Wheaton IL | Click here to view Michael's current listings | Click here to watch the lifestyle film for Lionhead Farm |
21 ตอน
ทุกตอน
×ขอต้อนรับสู่ Player FM!
Player FM กำลังหาเว็บ