The Ellis Team has created a new online home value analysis tool that allows us to track your home’s value over time from many of the online valuation sites. While these sites cannot be relied upon as 100% accurate, they do give us some insights.
Watch the Direction
Perhaps more important than the value it places upon your property is the direction of the market. Is the market going up or down for your property? Most sellers want to know how the market is doing for their home.
Because we have premium access to many of the online valuation sites, we are able to log into the major sites and enter the data into a spreadsheet. We then email you the results based upon the schedule we have for you. Here is a sample of what the report looks like.
We have ****** out the various services here but they will be shown on your actual report. The computers will never be as accurate as we are as they have never been in your home and studied the condition of your home or evaluated some of the improvements the computer may not know about. You can always receive our home value analysis at www.SWFLhomevalues.com Read below on how to get all the home value estimates and track over time.
Appraisers Being Replaced?
We are hearing that many of the lenders are going to online valuations versus actual appraisals in many instances, so knowing what the computers think is important. Personally, we believe there will always be a need for appraisers but lenders are rethinking that in some cases.
As interest rates were rising in 2022, we noticed median and average home values began to fall. The computers were delayed and were still showing price increases. Perhaps the specific homes we were checking on were still rising. Or perhaps the computers took time to pick up on the price declines. In the last month or so we have noticed the computers picking up on price changes.
This is why we say computers may not be as good as we are are at studying the market, but they are important to watch.
Online Home Value Analysis Tool Schedule
Compiling the data is a bit of work for us, so we want to prioritize those that need it most. We will perform this service free of charge for you based upon the following schedule.
If your circumstances change, you can always let us know and we can adjust the schedule. Please call us at 239-310-6500 or email Brett at Brett@Topagent.com with your property address, email address and time frame and we will get you on the schedule!
Should I Sell Now?
Many sellers want to stay in their home as long as possible especially when prices are still rising. Some owners want to capture the equity they have built up in recent years. Nobody wants to sell when prices are still rising, unless they area fearful the market has neared its top. Sometimes values in a spreadsheet over time helps sellers identify trends and confirm their feelings on prices.
Brett and Sande Ellis would be happy to discuss your situation and help you decide if now is the right time for you to sell. We’ll look at where you would go, how much you would net at closing, and look at all your options. We are not high pressure.
If selling is the right option for you, we have a program to sell your home in 8 days, so you’re not caught chasing the market. Call us at 239-310-6500 and we’ll discuss your options.
Good luck, and Happy Selling!
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