Why You Should NEVER Use Big Box Real Estate Sites To Find The Value Of Your Home


Getting a higher/more accurate sale price on your house makes getting a professional appraiser a no brainer🧐 #realestate #realestatemarket

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Everyone’s thinking it, we’re just saying it. The big-box real estate websites are throwing off incorrect information and valuations on properties. Today we’re going to go over some of the basics of valuing your property and what you should look out for and do.

They’re Historically Flawed

As we saw with Zillow, estimates on big-box real estate sites are historically flawed. While their values are the most readily available, most of the time they are calculated using data from their own website, which is not the most timely and is oftentimes incorrect. The most accurate information is produced by the National Association of Realtors since there are Multiple Listing Service is the national standard for listing properties.

Even The Tax Value Is Wrong

The tax value is used for one reason, to levy taxes. It’s calculated by county appraisers who do nothing more than to look at the property from the outside and look up their comparables. This causes most tax values to be lower than what the property would actually sell for on the open market. If you really think about it, this is a good thing. We want the tax value to be lower, so we can pay less in taxes. At least we do…

The Best Way To Find The Value

The best way to find the value of any property is to hire a credible real estate appraiser. They use the comparable appraisal method to figure out what an assumed value for the property is. You can then use that number as a launching pad for selling your house on Wilmington NC.

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