What Is My Property Worth?

The average person doesn’t really know the answer to the question of what their property is worth. Many probably think they do, Zillow and Redfin give estimates on the spot every single day, but is that estimate accurate to the degree that you should know? The answer is most of the time no. Zillow, Redfin and other sites like them use algorithms to determine the value which has its flaws. Something as simple as a nearby foreclosure can affect the value estimated by these sites, while instead a professional will know not to include that foreclosure info in their Comparative Market Analysis.

Now I am not saying they are completely wrong, but they also vary widely depending on which area you live or the circumstances of your home or other property, I can’t count how many gripes and complaints I have seen online and heard in person of how inaccurate Zillow or Redfin can be sometimes. these sites are excellent if you just want to get a rough idea, but when you are trying to decide how much to list your property for sale or how much exactly you expect to gain in profit at the sale then nothing compares to your local real estate agent or an appraiser.

Typically, an Appraiser is your best bet, but a professional appraisal can cost between 300.00 to 600.00 dollars and they have to spend several hours all over your property, which can be difficult if you live there still or have tenants. The alternative is still fairly accurate but much less invasive and way cheaper because it’s free. If you did not know, most of us in the real estate profession offer this Comparative Market Analysis free with no obligations, so if you would like an accurate answer to what your home is worth currently please just simply message me here, text, email or call and I'll have it to you within 24 Hours!

Joshua Cherian

Real Estate Broker | EXP Realty

2301 Beau Monde Ln. Suite 405, Lisle IL 60532

(630) 776-3741

[email protected]

joshuacherian.com