As soon as you start looking for your new home, you’ll find that your email inbox, facebook adverts and every website you visit becomes a cacophony of real estate sites trying to tell you how much your home could be worth!
Then, once you’ve bought your home, the adverts crescendo until all you see is a sea of dollar signs and pictures of laughing couples sitting by sparkling pools like they have forever to relax and never have to work to repay their mortgage.
But how reliable are the algorithms which power those websites which promise you a high level of accuracy on pricing your home?
In short – they are highly inaccurate and dangerous to use as research in the property market.
Yes. I’m going to tell you why you should *never* rely upon an internet program to determine the value of your home.
Firstly, let’s agree on one thing. You home is only worth what someone is willing to pay.
Secondly, if you are:
You’ve dutifully looked on the usual sites to find real estate in your area, yes. But more importantly, you’ve actually *looked* at the properties in person - with your own eyes.
You’ve stood in spaces and felt the breeze on your face. You imagined yourself sipping cocktails on the back deck. You’ve found that one of the bedrooms is a little bit smaller than you expected. You’ve felt the western sun beating down on the living room. You’ve heard the peaceful bird sounds even though it might be close to a freeway.
And you know that no two properties are the same. None.
Two houses built directly next door, by the same builder, with the same materials, at the same time and with the same features are not the same as each other.
There’s always going to be a difference in the slope of the land, the position on the street, the treescape, the view, the neighbours…. I could go on, but I think you’ve got the picture.
That’s the beauty of the property market! Your home is as unique as you are – there are no two the same.
And that’s why you can’t rely on a computer to decide how much your house is worth.
Plus, an algorithm doesn’t know which agent you’ll choose. It also doesn’t know if you’re going to sell your house as is, or if you’re going to improve the property with staging, professional photography and a kick-arse marketing plan.
Only an agent who has the experience and knowledge to walk through your home with you and see all it’s features, who knows how to market your property to encourage as many people to view it, and has the negotiating skills to help you achieve the best price in market can show you how much your property is truly worth!
Thinking of selling, renovating or renting your property?
I am happy to come and see you to give you an appraisal with no obligation. An appraisal with me can give you expert industry knowledge about what’s happening in the local area of your property, information about any recent changes in the market along with some examples of what services you can choose when selling or renting your property with us.
With a fair and ethical mindset, you can be sure that together we achieve the best possible sale or rental experience for you and your future!
Call Kath - 0458 912 906
Kath is an Annerley and Tarragindi local with all the inside knowledge. Ex business-owner and current lover of local, community and Real Estate!