It seems as if everything is available with a few clicks of a mouse these days – from your investment balances to your IQ. With a few apps and hardware installed, you can even see what is going on in your house when you are not there.
But when it comes to establishing market value for your home, there are many more variables to look at. Sure, there are Automated Valuation Models (AVMs) such as Zillow and Redfin which extrapolate a value based on your square footage, the sales price and price per square foot of homes that have sold
nearby, but even in a neighborhood where all the homes were built by the same builder at the same time, there can be a wide variety of variables which cause the current market price to rise or fall.
For example, say there are two 2,000 square foot houses on the same street. They were built in the same year, but one house has a great view of the local golf course and mountains behind while the other has an overgrown forest of trees in the back. The first home had a two-car garage plus room for a golf cart while the other has a carport. The first had the kitchen and flooring remodeled two years ago while the second is still sporting cracked ceramic tile circa 1985. AVMs cannot take all of these into account when determining market price. You need a real estate market pricing expert to provide you with the most realistic price range for your home. That is where I come in!
