WHAT IS YOUR HOME WORTH?

Good question... There are a few different websites offering home valuation tools as part of their services. Understand that the home values represented by these websites aren't always accurate and can cost you big when selling or purchasing a property. One of the most recognizable of these sites admits that their property valuation tool "is not an appraisal" and that homeowners should "use all methods available to them" when figuring out true market value. According to Ken Harney - real estate reporter for the Washington Post - This company's error rate is illustrated in the following way: roughly 1/4 of the time the value estimate is off by 10% or more of the selling price, and wrong by 20% or more 10% of the time. When computed against median sales prices, the errors can translate into tens of thousands of dollars - hundreds of thousands of dollars in high-cost areas. BOTTOM LINE - if you want to know an accurate market value for your home, contact a trusted and licensed Realtor.