It’s true that as technology advances, there are several ways to find out the approximate value of a home almost instantly. Just recently, I tried out a new feature on a website, where you can enter any home address and get an on-the-spot home evaluation…
Well, that was the plan...
Naturally, I wanted to test the little widget with a couple of recent sales. So I entered the addresses, hit the send button and — voila! The results came up. What I quickly realized was that, instead of giving me an accurate (or semi-accurate) appraisal, the resulting “guesstimate” was overpriced by $200,000, according to my own calculations. That’s not small change we’re talking about…
What am I getting at?
Technology alone is not enough - at least not yet. Just like in proofreading or translating, technology can be incredibly handy but not always incredibly accurate. And when it comes to “correctly” pricing your home, you need more than just numbers and figures taken from a website. A computer can access recent sales in the area, but it takes a real estate professional with market insight to interpret this data and put it in context. Your house can't be accurately priced solely from statistics on a piece of paper. It needs to be seen in person, because the overall value of your home depends on several factors, some of which can't be quantified by a computer. How the house shows "in the flesh" is an important element in putting together an effective pricing strategy for your property.
Ready to have your home appraised? Why not get a free, in-person consultation right now? For pricing strategies and marketing tips to get your home sold for more money, give us a call, send us an email, or drop by our office in Pointe-Claire Village.
Ali Souini