The Blog ofAustin Home Source

Online Home Valuations

What’s my home worth?

It’s a question you might have asked yourself, you might have asked your neighbor, and probably have tried to look up online.

Unlike other online & automated processes like shopping for groceries and other goods at home, food delivery, car sharing and other areas of our lives that have gotten better and more accurate as time marches on—online home valuations (like those that start with a “Z”, and others), seem to have not gotten any better.

Let’s be clear, these online valuations are “somewhat accurate”, “most or some” of the time.  Is that “good enough” for what is likely the most expensive asset you’ll ever buy or sell?  It’s one thing to over pay a few dollars for a pair of shoes online, or order a sweater from a website that is the wrong size- you just send it back.  But if you mis-value your home due to some flaw in an algorithm, or due to unknown data or situation that a robot can compute—you might cost yourself tens of thousands of dollars!  And, unlike the sweater or pair of shoes, it’s a lot more difficult to get your money back if you make that mistake.

The answer?  Contact your local Realtor.  Many will provide you with a CMA (Comparative Market Analysis), and some will do so at no cost to you.  You’ll have the benefit of all the best, most accurate data out there + the benefit of human eyes making sure you’re not leaving money on the table, just because a website told you some value that seems plausible.

If you’re interested to know what your home could sell for in today’s market, contact an Austin Home Source Realtor for a FREE CMA on your home.  You’ll be glad you did!

***NEXT POST:  How can a Real Estate Agent Who Offers to either “Sell Your Home or I’ll Buy It” Really have YOUR Best Interest at Heart?