Learn How To Find Home Values in Chattanooga With These Tips
One of the first things you should do before selling your house is found home values in Chattanooga. This will help you determine how much your home might sell for. Even if you think you know how much it’s worth, market conditions change pretty fast.
It’s not realistic to try to time the market, but you can get valuable information about local market prices. This can help you calculate how much profit you will make if you decide to sell right now.
This is even more important right now, as we head into a declining market. In recent months, demand has gone down and the tides are turning in favor of buyers. That’s why, if you need to sell a house in Tennessee, you should do it sooner rather than later.
So, how do you find the true value of your home? Can you list it competitively to still sell fast and for top dollar? That’s what this guide will answer.
Your Home Sold Guaranteed Realty – Kings of Real Estate Team has the resources you need. We sell houses for clients like you in Chattanooga every day. Our team is also constantly watching the local market to see trends and changes.
This is what you need to think about if you’re planning to sell your house soon…
How Do You Begin Pricing Your Home Accurately?
Working with professionals is the best way to find home values in Chattanooga. This includes the market value of your own house. If you get a professional appraisal, that will get you the most accurate price.
Not only will a professional appraiser assess your house, they’ll compare it to other listings and sales nearby. Homebuyers and lenders will also make offers that take an appraisal estimate into account.
A professional appraiser will look at its size, overall condition, and any upgrades or additions to your house. They’ll look at the location, both the immediate neighborhood and the surrounding community. And they’ll decide if it has any desirable qualities like nearby greenspaces or high-quality schools.
But if you want an estimate of what your home in Chattanooga, Tennessee, is worth before hiring an appraiser, starting online is not a bad idea. However, you should look for a home evaluation tool that is specifically tailored to your local area.
At Your Home Sold Guaranteed Realty – Kings of Real Estate Team, we’ve created our own home evaluation tool designed for Chattanooga, Chattanooga, Sevierville, and the surrounding area.
All you need to do is provide your address and a brief description of your home. Then, our unique system will conduct a thorough comparative market analysis by searching our database for similar homes listed or sold in your area.
Using this current market data, we can estimate what your home might sell for if you decide to list it in the current market.
To try out our free home evaluation tool.
Why Should You Avoid Online Home Evaluation Tools?
So, why should you avoid online tools like Zillow Zestimates to find out home values in Chattanooga? Can free online estimates price your home accurately?
Overall, Zillow Zestimates is a highly inaccurate method of finding out the value of your home. In fact, estimates are off by as much as 10 to 20 percent.
This is because Zillow Zestimates doesn’t have the same specialized data as other tools specifically designed for a certain area. The accuracy of Zestimates depends on properties listed on the MLS.
But it can’t take into account off-market homes the same way a professional real estate agent or appraiser can. Off-market homes can greatly impact your home’s value, so it’s important to factor in that data during your research.
In addition, Zillow Zestimates doesn’t consider recent upgrades or additions you’ve made to your home. If you’ve added particular features to the house in the time you’ve lived in it, this can add to your home’s value.
It’s also impossible for the algorithm to tell whether the home is furnished or unfurnished at the time of sale and whether you’ve added things like new floors, new appliances, or fresh paint.
Overall, Zestimates and other popular online home evaluation tools can give you a decent base value for your home’s worth. But their estimate likely won’t reflect the actual value of your home because they can’t take into account unique features or localized market data.
We’ll Show You Home Values in Chattanooga and Help You Price Your Listing
Working with an experienced real estate agent is the best way to find out the value of your home. At Your Home Sold Guaranteed Realty – Kings of Real Estate Team, we have the experience necessary to help you determine a competitive price for your home in Chattanooga, Tennessee.
In addition, we offer several unique seller’s guarantees to help protect you during the home selling process.
To learn more about how to find the value of a home, or about working with our team, give us a call at 865-830-3908 or fill out the form below for more information.