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Our mission at The Midcoast Group is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Friday, August 8, 2014

What You Need to Look Out for When Using Online Home Evaluation Tools



There are many great Minneapolis area homes for saleClick here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at 612-876-9012 for a FREE home buying or selling consultation to answer any of your real estate questions.

Most folks start online when trying to find the value of their home. While websites like Trulia and Zillow can be useful resources, they are often inaccurate when it comes to home evaluations. Here's why:
  • They don't have accurate information on specific neighborhoods.
  • These sites lack the human element. There is no way for their algorithm to take a property's conditions, lot size, dimensions, age, and number of bedrooms and bathrooms into account.
  • Zillow used to admit its estimates could be off as much as 30%.  This means the number they give you could be off by hundreds of thousands of dollars. 
When you want to find out how much your home is worth, don't you want the most accurate estimate? It defeats the purpose to get a value that may be off hundreds of thousands of dollars. For an accurate assessment your best bet is to call your local real estate professional. They can take all the important factors into account and give you the best available information.

If you are wondering how much your home might be worth, or are considering buying or selling a home, give us a call or shoot us an email. We would love to sit down and discuss your options with you or simply give you the information you need to start making smart real estate decisions.