YOUR HOME VALUE
Lets Talk about YOUR HOME VALUE.
There’s never been a more important time to have resources you can count on when trying to determine YOUR HOME VALUE. Whether you are actually in to market to buy or sell, or just updating your files or considering a re-finance, there is lots of FREE information out there, but like many other things “you get what you pay for”.
The Quick online version of “YOUR HOME VALUE NOW“, tools are great if you are JUST CURIOUS. But remember, they are numbers that are drawn from their data with their proprietary algorithms applied to the data they collected. Makes you want to just roll your eyes! First the data has to be accurate, then their algorithms have to be good. Then, Most of the ONLINE VERSIONS are pure MARKETING SITES. Depending on which one you happen to find, your information has been sold to as many as 30 agents, (who are paying for that info!). Perhaps you’ve already experienced that.
HERE IS AN ALTERNATE: Here is an couple of sites for A Quick HOME VALUE QUOTE, (includes their own AND Zillow number)
http://www.eppraisal.com EAppraisal also provides Zillow’s numbers
(Sometimes the zillow number is higher, sometimes lower, depending on the property searched.)
I ran a test again today and they are both a little high, based on my test address and the knowledge I have of the property. You see, NONE of the online sites know anything about your property good or bad, so how can they really assess your home value?? Neither do they know the what the buyers expectations are to get the price they publish! Yes its a sellers market! But there are 4 people who have the most to say about your REAL HOME VALUE.
The BUYERS AGENT
In The End, The appraiser provides a comprehensive report to the lender and the lender will loan to the buyer, based on the appraisers report. The appraisers report is paid for buy the buyer, but No one talks to the appraiser, he is totally independent. He pulls from recent sales data and has professional standards of appraisal practice to adhere to, he is licensed with the state and in good standing. His Fee currently runs between $700 and $1000.00 (thats a lot more than FREE).
Washington State Residential appraisers have rigorous program of education, before they can take participate in a 5 year apprentice program, to become fully licensed as a senior appraiser:
To be eligible to take the exam, you must have:
A Bachelor’s degree or higher (in any field) from an accredited college or university:
and A total of 200 classroom hours of approved real estate appraisal courses, including all of the following:
|Basic appraisal principles||30 hours|
|Basic appraisal procedures||30 hours|
|Uniform Standards of Professional Appraisal Practice (USPAP)||15 hours|
|Residential market analysis and highest and best use||15 hours|
|Residential appraiser site valuation and cost approach||15 hours|
|Residential sales comparison and income approaches||30 hours|
|Residential appraiser report writing and case studies||15 hours|
|Statistics, modeling and finance||15 hours|
|Advanced residential applications and case studies||15 hours|
|Appraisal Subject Matter Electives||20 hours|
I hope that sheds a new light on the VALUE of your ONLINE estimates!! Exactly what you paid for them!!
So what do you get when I provide you with an estimate of YOUR HOME VALUE????
I use professional tools provided through the national association of realtors, hand select properties that approximately meet the criteria an appraiser might use. Having done 100 Broker Price Opinions for an Appraisal Company this last year, I am pretty familiar with the narrow criteria to select properties. Then the tools allow me to make some minor subjective adjustments for larger lots, views, extra rooms, shops and the like. I can send a quick report, that shows you the properties the system selects, or I can hand select the most appropriate properties, make those subjective additions or subtractions. Typically I send 3 hours reviewing the properties used in the market analysis.
WHY WOULD I SPEND SO MUCH TIME helping you determine your home value??
My hope is that you will find me to be sincere in my approach to providing quality information, and consider me as your professional real estate advisor. Knowledge is power in today’s market and experience matters. Don’t settle for quick computer generated numbers to see what your home is worth. I provide an in-depth Market Report that will surprise you.
I’m happy to provide a FREE consultation to help you determine what your home is worth in today’s market. If you or your friends have questions regarding how today’s housing market affects you and I’m happy to help.
If you ever have a real estate question or need, or know someone who does, trust that you can turn to me.