Are Home Value Estimators by Housevaluestore.com Really Accurate?

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Are Home Value Estimators by Housevaluestore.com
Really Accurate?
Home Value Store provides a tool that is supposed
to help home buyers and sellers determine the
value of a property. When youre preparing to
purchase a home, its best to get your ducks in
a row before speaking with an agent. Look online
for properties, calculate mortgage payments and
do a little initial paperwork to see if you
pre-qualify for a loan. When you have clear-cut
ideas of what you want and what you can get,
youre in a position to act quickly if you find
your dream home. As a buyer, you need a rough
estimate of what a home is worth in order to shop
for a home loan. When you have a basic idea of
what a certain property is worth, you can fill
out the paperwork to get pre-qualified for a
mortgage. When you pre- qualify, you prove that
youre a motivated buyer and agents will take you
seriously.
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• Lets Divide them with Important points-
• Traditional Home Estimators
• Qualify using House Value Estimation Techniques
• Factors
• What is your Home Really Worth?
• Supply and Demand Consideration
• Conclusion
• Traditional Home Estimators-
• Home value estimators traditionally work by
  comparing similar sized and constructed homes
  within a certain radius of the property being
  estimated.

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The problem with these types of estimates is that
they dont take into account the condition of
homes being sold only size and
construction/amenities. The location of schools,
shopping and other amenities is also ignored. You
cant possibly get an accurate estimate this
way. Imagine you see a home for sale by owner.
You get home and search the address of the house
to see what you can pull up. You havent called
the seller, so you have no idea how much they
want for the house. You pull up a home value
estimator, type in the address and get a basic
idea of what you think the home will be
worth. Qualify using House Value Estimation
Techniques-
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• Assuming the market for housing is competitive,
  its important that you get pre- qualified as
  soon as possible so someone else doesnt beat you
  to the punch. Its a lot easier to pre-qualify
  and make an offer on a home when you have an
  accurate estimate on a homes worth. Thanks to
  new advances in house value estimation
  techniques and technology, you can rest assured
  that the estimate you get on your dream home is
  the best you can get without hiring professional
  inspectors.
• Factors into account when estimating property
  values.
• Are there any major events happening in the area
  that would affect values?
• What is the situation with supply and demand?
• Is the market low-inventory, or cluttered with
  homes just like yours?
• Have many homes sold in the area within the last
  30, 60, and 90 days?

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• 5. How many listings havent sold in the same
  amount of time?
• If the market is active, your home may be worth
  more. If its stagnant, it could take a while to
  sell your home.
• When providing free house value estimates to
  buyers and sellers, The House Value Store takes
  advantage of more sources of data to bring you
  the most accurate results possible. Better
  information. Accurate estimates. No cost to you.
  Perfect!
• What is your Home Really Worth?
• Your home is your castle and one of lifes
  biggest investments. As with any investment,
  monitoring its value is incredibly important.
  Values can plummet or skyrocket based upon a
  multitude of factors that that may or may not
  have anything to do with the home itself.
• Do you want to make a lot of money on your
  investment?
• Are you prepared to move fast in order to
  preserve your bottom line?
• Then keep an eye on your homes value. Its
  important.
• Getting an accurate valuation on your home was
  once very difficult. Online sources used data
  from Comparative Market Analysis (CMA) reports in
  order to give quick estimates on your homes
  value.

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These figures compare homes that are close to the
same square footage and amenities that are sold
in one area in order to come up with a home
value. However, they dont take into account the
condition of any of the homes recently sold, the
specific data surrounding the neighborhood where
the client lives or a number of other
factors. Based upon results from free online home
value estimates, homeowners start making
tentative plans to sell their properties. They
estimate how much they have left on their
mortgages and what interest rates competing banks
are offering. They go to a real estate agent
with financial goals and a soft plan in mind
only to find out that their initial estimate was
off the mark. It puts them right back at square
one. The problem is CMAs is that, in an
ever-changing market, ballpark figures just
wont work anymore. Outside influences are very
powerful and affect markets every day. New
developments being built, roads going in,
employers move in or
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out of town, etc. can raise or lower your homes
value within days, but online estimators dont
reflect those circumstantial changes. Supply and
Demand Consideration- When dealing with the
low-inventory markets in California, it is
especially important to take supply and demand
into consideration. How many homes are on the
local market? What are their amenities and how do
they compare to other homes on the market? How
homes have recently sold in the area in the last
30, 60, and 90 days? If the market is flooding
with inactive listings, values could be lower.
If the market is active, values are higher.
When providing you with free home value
estimates, The House Value Store uses a wide
array of information in order to determine your
homes true worth. When accuracy is vital to
making plans that affect your life, get the best,
most accurate quotes you can. Estimate your
homes value the right way today.
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Conclusion Overall, online appraisal sites are
certainly useful tools, giving you a dynamic,
ever-changing snapshot of home prices on your
block even on your own home.