My parents are from Michigan, and likely because of the long winters, their families were big card players. We grew up playing board games. Today, at family gatherings, we often play Pictionary. But one of the most popular games homeowners play is How much is my home worth. Online evaluations are the Ouija Board Method of Determining the Value of Your Home. When you want to know your home’s value (what a buyer will pay) contact a real estate professional.
I just closed escrow on 3237 Sparr Blvd, Glendale, 91208. Zillow indicates this Montecito Park home is worth $826,517. I listed the home for $869,000 and sold it for $881,000. My clients are delighted that they didn’t rely on the Ouija board method of determining the value of their home. If you check Zillow, Realtor.com and Redfin, the values are different. The problem is these portals don’t understand neighborhood nuances. Additonally, they don’t know if a lot is level and usable. There are two many variables.
So while online home evaluations can be fun, and are often within 10-20% of your home’s value, they are typically not accurate. When you want to learn your home’s value, how much it will sell for in today’s real estate market, contact a real estate professional.
