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When it comes to selling your home, a knowledgeable, experienced real estate agent remains your best source for an estimate of its current value.
Cons of Automated Home Valuations
- All automated home valuation tools are based on the past. Each predicts your home’s value using historical sales data for nearby and comparable homes that sold in your neighborhood over the last year to eighteen months. These estimated prices could be higher or lower than your home really might be worth.
- They’re based on publicly-available data. Sometimes this data is current, and sometimes its months old. It depends on the ability of thousands of local municipalities to provide timely data and this varies widely by jurisdiction throughout the United States. The data is also frequently inaccurate e.g. a three bedroom house may be listed as having two bedrooms.
- The data on which they’re based doesn’t differentiate between refinanced mortgages and real sales data—both look like a home sale to the automated tools and their predictions of a home’s worth is sometimes skewed as a result.
Property Grader will provide the most accurate Home Valuation becuase we get you in contact with a Professional Local Real Estate Agent.
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