Do you know current home values accurate in Washington Township? Have you kept track of the real estate market since purchasing your home? If you have not, you’re not alone. Many homeowners who decide that it is time to sell their current homes are not aware of the true market values of those houses. However, if you are planning to sell, this is a critical piece of information.
Before you can put your home’s listing on the real estate market, you need to decide on an asking price. This price should be based on the value of your home which is calculated based on a number of factors regarding your house itself and the housing market. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, our realtors will help you determine an asking price based on an accurate home valuation. We will make sure you understand why an expert home valuation is needed and answer the question, “are Zillow home values accurate in Washington Township?”
Accurate Home Values Make a Difference
In order to achieve your home selling goals of selling fast and getting top dollar, you need to know how much your home is actually worth. You would not want to over or underprice your home because that will usually result in a delay in the sale or a serious reduction in the selling price. That is why you need to get a home valuation completed. Knowing your home’s current market value will ensure you choose a reasonable and profitable asking price.
You need to remember that home buyers will be doing their own research into the market and will find out what comparable homes like yours are selling for. They will use that information to determine if your house is one to look into further or move away from. To get the right value for your home, a number of factors need to be considered which incorporate aspects of the real estate market and your specific property. Without these factors, your estimate will be inaccurate and you may lose money.
There are certain home valuation tools available online for homeowners to use to their benefit, including Zillow’s Zestimate. While many of these tools seem like a great option for home sellers to use, especially since they are free, the drawback is that they are usually not very accurate. Knowing that, these tools should not be your only outlets to determine your home value and, later, the asking price.
Are Zillow Home Values Accurate in Washington Township?
Many home sellers ask, “are Zillow home values accurate in Washington Township?”. We are happy to answer that question very simply: no. The home values provided by the Zillow Zestimate tool are known to be highly inaccurate because of the way in which the algorithm works. The Zillow Zestimate is a proprietary tool that offers homeowners a way to estimate the value of their homes.
To get this number, Zillow will rely on publicly available and user-submitted data to make its value determinations. While this tool can be useful to track the changes in your home’s value over time, it will not give you the same estimate of your home’s worth that a professional assessor can. The algorithm relies solely on comparables (recent sales of homes) in Washington Township. It does not account for things that are exclusive or unique to your home.
Things such as home improvements or upgrades that have been made, renovations or additions, neighborhood turnovers (high selling neighborhoods have more recent data to incorporate into the algorithm), or the conditions of the neighborhood itself are all left out. Therefore, the Zestimate can be wildly inaccurate.
The FAQ page of Zillow’s website states that the “median error rate for on-market homes nationwide is 3.2%” and the error rate for off-market homes is 7.52%. These numbers can add up to significant losses, so it is always advisable to speak with an experienced and local realtor to determine the value of your home and a reasonable asking price.
Do You Know Which Factors Zillow Uses to Determine Home Values in Washington Township?
Here’s exactly how the Zillow algorithm works: it gathers information from all of the homes located within a certain zip code, bundles them together, and then averages them out given certain parameters such as single-family homes with approximately 2,000 square feet and 3 bedrooms. That average is the value the Zestimate gives for a home that meets those criteria.
Are Zillow home values accurate in Washington Township? Not for your particular home because it does not incorporate the specifics of your home which could raise or lower the value.
Get Great Benefits from Expert Home Valuations
Various benefits are available to home sellers who use a professional home valuator to determine the home’s worth. Because you need to know an accurate value for the current market in Washington Township, you can more easily rely on a professional valuation rather than a free online tool such as that offered by Zillow.
When you get an accurate value, that figure can then be turned into an asking price for your listing that is reasonable and profitable. It will attract interested home buyers and ensure that you are able to capitalize on your most valuable asset. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, our real estate professionals can guide you through all aspects of the home selling process and ensure that you get the right home valuation.
With our team, you can rest assured that the valuation will include those factors that Zillow doesn’t incorporate because its algorithm is not as sophisticated as an expert evaluator. And once you determine the right asking price based on that value, you can rest easy knowing that your home will sell quickly and for top dollar.
Entrust Your Home to Your Home Sold Guaranteed Realty - Nancy Kowalik Group
Are you and your family ready to sell your home? Do you need to know, “are Zillow home values accurate in Washington Township”? Our team at Your Home Sold Guaranteed Realty - Nancy Kowalik Group is here to make sure you have the answers and guidance you need to succeed in the real estate industry. We are 100% dedicated to your customer satisfaction, and that is why we make sure you have the most accurate and current home value, which Zillow could not offer.
To get more information about your home value or to start your home selling journey, give us a call at (856) 230-7077 or fill out the form below with the requested information to get a detailed response from one of our realtors. With our team on your side, we guarantee you have the best possible home selling experience by achieving your real estate goals.