Only an Expert Agent Can Give You an Accurate Value of Your Home

<article class="post-1304694 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1304694"><span class="entry-date">December 16, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">Only an Expert Agent Can Give You an Accurate Value of Your Home</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Only+an+Expert+Agent+Can+Give+You+an+Accurate+Value+of+Your+Home&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fonly-an-expert-agent-can-give-you-an-accurate-value-of-your-home%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/only-an-expert-agent-can-give-you-an-accurate-value-of-your-home/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fonly-an-expert-agent-can-give-you-an-accurate-value-of-your-home%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fonly-an-expert-agent-can-give-you-an-accurate-value-of-your-home%2F&amp;description=Only+an+Expert+Agent+Can+Give+You+an+Accurate+Value+of+Your+Home" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/only-an-expert-agent-can-give-you-an-accurate-value-of-your-home/?shareSlug%3Donly-an-expert-agent-can-give-you-an-accurate-value-of-your-home" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Only an Expert Agent Can Give You an Accurate Value of Your Home&amp;body=Only an Expert Agent Can Give You an Accurate Value of Your Home%0D%0Dhttps://gilliggroup.com/blog/only-an-expert-agent-can-give-you-an-accurate-value-of-your-home/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Only an Expert Agent Can Give You an Accurate Value of Your Home Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241206/20241216-Only-an-Expert-Agent-Can-Give-You-an-Accurate-Value-of-Your-Home-original.png" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth. But be careful. The automated estimates you’re seeing online often miss key details that affect the true <a href="https://www.simplifyingthemarket.com/2024/11/08/why-you-need-an-agent-to-set-the-right-asking-price-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">market value</a> of your home.</p>
<p>Before you toss a <a href="https://www.simplifyingthemarket.com/2024/12/9/why-more-sellers-are-hiring-real-estate-agents/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">for sale sign</a> in your yard and expect to bring in the number you saw for your house online, you need to understand why these tools generally aren’t spot-on and why working with an expert real estate agent is the best way to get an accurate picture of what <a href="https://www.simplifyingthemarket.com/2024/11/14/should-you-sell-your-house-or-rent-it-out/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">your house</a> is really worth.</p>
<h4><strong>The Myth: Online Home Value Estimates Are Accurate</strong></h4>
<p>Online home valuation tools give you an approximate value for your house based on the data that’s publicly available for your home. While this can give you a rough starting point, the keyword here is <strong>rough</strong>. As an article from <em>Ramsey Solutions</em> says:</p>
<blockquote><p><strong><em>“Online Home Value Estimators Aren’t 100% Accurate . . . </em></strong><em>The estimates are only as reliable as the amount of public record data the real estate websites can access. </em><strong><em>The less data gathered for your particular neighborhood, county and state, the less you can depend on this number</em></strong><em>.”</em></p></blockquote>
<h4><strong>The Reality: Online Estimates Miss Key Factors</strong></h4>
<p><strong>Here’s the biggest issue with online estimates: they don’t take into account the unique aspects of your home or your local market. </strong>And that’s why an agent’s expertise can make such a difference when figuring out what your house is really worth. Here’s an example. A <a href="https://www.simplifyingthemarket.com/2024/10/31/how-real-estate-agents-take-the-fear-out-of-moving/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">real estate agent</a> will also factor in:</p>
<ul>
<li><strong>The Home’s Condition</strong>: Online tools can’t tell whether your home has been well-maintained or if it needs significant repairs. The condition of your house plays a huge role in its value, and only an in-person walk-through can account for that.</li>
<li><strong>The Latest Neighborhood Trends</strong>: Is your neighborhood up-and-coming? Are there new developments or amenities nearby that make your home more desirable? Automated tools often overlook local trends that can significantly affect the value of your home.</li>
<li><strong>Accurate Comparable Sales</strong>: While online estimates may use past sales data as a baseline, they don’t always reflect the most recent or most relevant comparable sales, or comps. Real estate agents, on the other hand, have access to up-to-date market data and can give you a much more accurate estimate based on real-time sales in your area.</li>
</ul>
<p>Agents have a deep understanding of the local market, and they can provide insights that automated tools simply can’t match. As <em>Bankrate</em> explains:</p>
<blockquote><p><em>“Online estimation tools determine pricing using algorithms that rely on publicly available information. These algorithms can vary widely from one tool to the next and typically don’t account for a home’s current condition or any upgrades or renovations that are not reflected in public records. </em><strong><em>So they are not as accurate as in-person methods, like a real estate agent’s comparative market analysis</em></strong><em> . . .”</em></p></blockquote>
<h3>Bottom Line</h3>
<p>While online home value estimates can be a helpful tool to get a rough idea of what your home is worth, they aren’t foolproof. The true value of your home depends on a range of factors that automated tools just can’t account for.</p>
<p>To get the most accurate estimate, work with a local real estate agent. That way you have expert guidance and up-to-date market insights to set the best possible price for your home.</p>
</div>
</div></article>