We all like to go on line to get information. When we go to different on-line financial calculators for rates or quotes we realize they are only guestimates and only as accurate as the parameters that define the calculations. They simply analyze the data that they have been programmed to include and crank out a number from the mathmatical formulas set up. No tweaking, no what ifs, no special circumstances, and only as relevant as the day the model was set up. This is especially the case with home valuation calculators. Every home is unique. If location, style and price are the three determining factors for home buyers, how can a mathematical equation determine the appeal of such factors as view, floorplan, landscaping, proximity to powerlines, gaudy wallpaper, cleanliness, etc., without visual inspections. Most valuation systems rely only on sold price. They don’t even factor in net price (selling price minus seller contributions such as closing costs, free trips, big screen tv’s, extra realtor bonuses ) which is not available from the public records. Trust an experienced Realtor or Real Estate Appraiser to get you the true market value of the house you are planning to buy or sell.
Posted on April 26th, 2007 by Brent DeRobertis
Filed under: Uncategorized
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