Everything Real Estate: RealtorTips

Thursday, August 13, 2015

HOW MUCH IS MY HOME WORTH? TOP HOME VALUATION TOOLS

As a Real Estate Agent, I am constantly using the local MLS listings to create personalized CMA (comparative analysis reports) and Home Valuations for my clients. Not only do these reports help homeowners determine what they can get for their home....but, it also helps home buyers determine what they want to offer for a home.

I encourage people to contact a local agent in order to determine a valuation of a property. This will give you the best idea of what your home is worth, based on local comparable properties that have sold within the past six months. But, if you want to go online and get an instant "idea" of what a home is worth in today's market, I recommend these top Home Valuation sites:

1. ZipRealty.com

Ziprealty.com claims to you up to 30% more homes for sale than other websites. Sign in to save your favorite homes and searches!

2. RealEstateABC.com

This Site offers FREE Home Value & Sales Comps

Instant, ONLINE ABC Values^TM & Sales Comps

3. eppraisal.com

is a free real estate and home value website that aggregates data on recent home sales, neighborhoods, and local market data to help you in your real estate search.

4. Realtor.com

Prices of new listings -What homes sold for near you. Trends showing if prices are rising...

How long it takes to sell in your area...

Data indicating if it's a good time to buy.

5. Redfin.com

Your estimate is powered by real-time home sale prices, details, and photos.

6. Zillow.com

The Zestimate home valuation is Zillow's estimated market value for a home, computed using a proprietary formula.

7. Trulia.com

Very similiar to Zillow's Zestimate, but presented in a different format.

8. Chase Home Value Estimator

Use the Chase Home Value Estimator to get a free estimated market value of your home or a home you are interested in. The site calculates the best estimated home valuation using the millions of home records in their database.

9. HouseFax.com

Unlike the other previous home valuation sites, this site requires payment. But, they offer your first report for FREE. The report gives an assessment of house value depending on insurance, fire accidents, building permits and loan history.

10. HouseValues.com

Fast and Free Home Valuation Report. Pretty simple.

11. Movoto Free Home Value Analysis -

With Movoto, you can easily download an instant comparable home report by simply supplying the house information in the form given by them.

12. HomeInsight’s Property Value Check

All you have to do is type in your zip code in order to view the current home prices in a specific area.

13. FINDCompsNOW Free Sales Comparables

FindComps uses comparable market analysis that allows the owner to determine the estimate value of his house. Categories include cash buyers, lenders and retail values.

14. PropertyValuesbyAddress.com

This site will give you the best and most accurate valuation of your home because these valuations are created by local agents. There is no obligation and it is completely FREE!

Emily Benner

REAL Estate Expert

PalmerHouse Properties

678.458.2284

Join My Daily Real Estate Blog

Like Me on Facebook!

Click Here to Get a FREE Home Valuation Report

HOW TO DETERMINE WHEN TO SELL YOUR HOME

WHAT THE HECK IS A SELLER’S MARKET?

There are no better words in the English dictionary that can make a home owner do their infamous happy dance than these four little words: “it’s a seller’s market”.

So….you ask….how do you know if it really is a seller’s market and what exactly does that mean?

I’m going to bring you back to ECON 101 for a moment. Remember when your professor spent two weeks explaining the concept of supply and demand? Well, I hope you took notes.

In a seller’s market, there are fewer homes for sale with more buyers out there looking to purchase. The factors that lead to more buyers in the market could be: sustained low interest rates, high employment rate, legislative changes which make it easier to purchase a property – events and conditions that make buyers think it would be a good time to invest in a home.

In my experience, there are some advantages to the sellers in this kind of market. Typically, home prices will rise, buyers will quickly make offers and sometimes, buyers will compete for a property. This can lead to a bidding war, ultimately driving the price of the home up above expectations

Now on to your next question. How do I, as a potential seller, know when it really is a seller’s market?

Click here and I will send you a personalized FREE Comparative Market Analysis (Home Valuation) of your home. We can start there. I will also send you updated monthly market information.

HOW TO RECOGNIZE A SELLER’S MARKET

It’s pretty simple actually. If houses are selling quickly for their actual value or above…then, it’s a seller’s market.

But, how do you know when to list and when it will be a seller’s market?

It’s all about projection. There are a group of people sitting in a padded room that study the local market day in and day out. Very patient people, indeed.

This is the forecast that they have come up with for the Metro Atlanta Market:

They project that Metro Atlanta home sales will rise over 10% in 2015.

This is my forecast: Rates are lower than ever and homebuyers are out looking. Despite the cold…..getting your home listed this winter, before everybody starts listing in Spring time, will give you an advantage.

Let’s do this. Click here and I will send you a personalized FREE Comparative Market Analysis (Home Valuation) of your home. We can start there. I will also send you updated monthly market information.

As I always say, “an informed homeowner makes a happy home seller.”

Here’s to being informed!