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WARNING! Don’t rely on an online website to find your Portsmouth NH home’s value

By
Real Estate Agent with RE/MAX Shoreline New Hampshire & Maine

A large part of our data research for our sellers is arriving at a suggested price we believe we can sell a Portsmouth NH or New Hampshire Seacoast home for.

Not a week goes by that we don’t hear from a buyer or seller insisting that a property is worth a different amount than the bank appraised it for. We get it: everyone wants to gain the most value from their transaction… so why do the home valuation sites tend to get it so wrong?

Here’s why: they don’t see the whole picture.

It’s the real estate equivalent of looking at an iceberg from the surface.

Portsmouth NH real estate values iceberg

Read the rest of the story here

Posted by

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX Shoreline

100 Market St., Suite #200, , Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.

 

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Comments (2)

Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Nice analogy in the "home values" discrepencies, !  We are always dealing with that perception from the other home sites.

Apr 05, 2016 01:55 AM
Eileen Begley
Coldwell Banker, DelMonte - Carmel, CA
Monterey Real Estate

Good explanation as to why the automated valuations just don't work. In my area they don't have very many subdivisions. So it really does take an agent, a human rather than a computer to decide on a home's value.

Oct 03, 2016 02:50 PM