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While online algorithms can be useful starting points when researching home values, it’s important to understand their limitations.
- Online home valuations can be off by a significant margin. This is because a computer algorithm relies on publicly available data, which may not be up-to-date or accurate. Licensed real estate agents, however, have access to the Multiple Listing Service (MLS) and will ensure all property information is complete and accurate.
- Online valuations do not consider the current market conditions in a specific neighborhood, which can also impact a home’s value. Our agents will research sold properties in your area to add context to the algorithm.
As licensed real estate agents, we can provide a more accurate and personalized estimate of a home’s value by taking into account all of these factors and using our team experience in the local real estate market. While online valuations are a useful starting point, it’s always best to consult with a professional when making important real estate decisions.
One of our agents will be in touch shortly to add context to the value range and to answer any questions you might have.