Before we delve into this month’s blog, “What is the Best
Home Estimate Tool?” we want to give a disclaimer – on the Weaver Team we are
real estate geeks. We spend hours studying the real estate market. Just ask us
a simple question and we’ll go on and on about absorption rate, days on market,
list to sale price ratios, and more. So, if you ask us, “What is the Best Home
Estimate Tool?” we do have a short answer, “The Weaver Team!”
Now, of course, that is a little cheesy, even for a real
estate agent, so let’s discuss online home estimate tools. Most real estate
agents have their favorite program for running a comparative market analysis
for sellers and use that exclusively. We, on the other hand, use many resources
to gather data for our final pricing suggestions.
First, we peruse the public
website tools such as Zillow. Then, we use our proprietary programs such as
Realtor Property Resource and our Multiple Listing System (MLS) to dig deeper
into the estimate and try to find the best comparable properties.
Finally, we reconcile all of this data and come up with a
realistic range of value after we visit your property. We absolutely must see
your house. While the data and trends provide statistics, the
computer has never been in your house. Yes, that’s right, the online tools
that generate your home value do not take into account location, condition,
amenities, and upgrades.
Pricing a house is an art and a science. The science is
the deep dive into the data and the “art” is our years of experience and
knowledge that will give you the most realistic and profitable scenario for