5 Sites To Find How Much Is My House Worth
Nakul Kongovi | Nov 18th, 2016
These days, selling a home can feel like playing poker in the casinos. You might walk out thinking of yourself as a winner, but you actually have no idea how much money you lost or you might have left on the table. This is the kind of fear that grips most of the home sellers these days. As a home seller, it is very difficult for me to know how much is my house worth!
But with the help of one of the greatest evolution in the past decade, The Internet, most sellers are finding it easier to at least estimate the approximate value.Let us find a bit more about what can internet and its sites offer us when it comes to selling a home.
This one right here is a self-developed Automated Valuation Machine (AMV) and it can present a current market value estimate of millions or even billions of homes all around. Its robust database stacks huge amount of information from various sources in order to predict an approximate value of a home using complex algorithms.
However, there is a speculation from a few experts that the values predicted by this home value estimator is wildly inaccurate or inconsistent in nature.
Chase Home Value Estimator
Developed by the Chase Bank in US, this home value estimator is useful for both buyer and the seller. It uses its database which stores information about millions of home sales in and around the area. The process is also quite simple where you just enter the address of your house and click “Get Value” to view the results.
But one downside to this site is that, the database is updated very slowly, due to which, claims of outdated database and inaccurate pricing is very high.
Selling a house using this site is a bit constrained as it estimates the cost of your property based on the recent sales record of just 20 similar properties.Though short on the number of options, this site includes the detailed property information, analysis of the surrounding area and comparable properties for those of you digging out for more information. With its more updated database and analytical nature Eppraisal is your choice if you are looking to selling a home using the traditional methods.
Redfin Home Value Estimator
This estimator is said to have the lowest error rate in the real estate industry. Chosen by most people who plan on selling a home, this site evaluates properties on the MLS to calculate the current market value of your house. With instant results and the option to view the comparable properties in your area, this estimator is certainly the best option out there. On the not-so-bright side, beware of your security as Redfin has been accused of selling client information to real estate agents.
This site is a combination of data analytics and the real estate industry on a single platform. Mainly for the people with the knowledge of business analytics, this tool identifies potential sellers through predictive data analytics and demand trends. In addition, the system also introduces smart CRM follow-up tools to ensure that the estate agents get the best available deal.
While selling a home, setting the right price is a very important factor, where you cannot afford to go wrong. With a number of sites and online tools available, selecting the right one for your property is a consequential decision to make. If you are planning on selling a home, and at the same time want to stay away from all the hassles, contact Realty Simplified LLC. We buy houses Houston, under any condition, and we help you in closing the deal within a few working days. Call us or drop a mail to know more about how to sell my house fast Houston.