- Garrett Ackles
- REALTOR®
- 502.645.2943
- 502.420.5000
- Email Me
Garrett
Ackles
Ackles
As you may have suspected by now, sometimes an automated valuation of home value is far different from the value you were thinking it might be.
The automated values from websites like Zillow.com and this site pull their data primarily from public record websites like the local PVA sites which value your home for property tax purposes. Values can be fairly close to market values for some estimates and way off for others.
Also, automated values do not work well for farms, land lots, condos and multi-family properties like duplexes and triplexes.
Automated values from Zillow.com are very popular but the devil is in the details. Below are two informational pieces created by Semonin which refer to Zillow's own statements about the accuracy of their estimates in various counties in our marketplace.
What does this mean for you? It just means the public information available for automated values contains a wide range of estimates that cannot replace more traditional values offered by real estate agents and appraisers which have more tools available for valuations.
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Click on the image above to view PDF
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Click on the image above to view PDF
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A second value appeared for the address entered because several other value estimates are available in the industry. These values also come from public information about the address entered. The value will most likely be different because the company providing these values use different modeling systems to estimate value.
When you ask one of our Semonin associates to calculate an Interactive AVM, they combine the modeling system used in the "Good" estimate with current local MLS data to increase the accuracy of the estimated value and to provide you with more details about the marketplace. This only requires your name, email address and interested property address (Street # & name, City, State, Zip).
CLICK HERE to send Semonin a request for an Interactive AVM.
Computers can only do so much estimating. The best evaluation comes from a Semonin associate visiting your home and creating what the industry calls a Comparative Market Analysis after visiting. When a Semonin associate visits your home, they can see the additions and remodeling you have completed which might not be in the public record data. They can see the upgrades you have made to the home. A visit gives our Semonin associates the extra information they need to compare to homes in the local MLS directory. Homes on the market at this very moment in time.
CLICK HERE to send Semonin a request for a Comparative Market Analysis.