Recently, the big daddy of all real estate sites, Realtor.com, changed their look and added several new features designed to make it easier for home buyers and sellers to find out everything they need to know about buying or selling a house. It's a nice looking site. It's easy to navigate. And it's a huge disappointment to me.
One of the big upgrades to the site is the inclusion of home valuations or "What's My House Worth?". Unless you are the type of person who looks at every inch of a screen or reads all of the fine print, you might miss this disclaimer:
Or this one:
Or maybe even this one:
Hmmmm...very interesting. Or not.
I'm pretty sure that when you are trying to find out the value of your West Bank home, you want real information, not calculated estimates. I'm positive that if you are considering selling your home you need to review the real market data to know how to properly price it to compete with the other homes for sale in the area.
In today's market, appraisers are looking for comparable sales that have taken place within the last 90 days, but will go as far back as 6 months if needed. 18 months in the real estate market is a lifetime ago and has no bearing on what your home is worth TODAY. I'm astounded troubled by the fact that a site that says it promotes the value of using professional REALTORS would put out information that is basically useless, even if the disclaimers say to contact a local real estate professional.
How to Find Your Home's Value
In my opinion, the only real source for local real estate information is a local expert. And I don't just mean someone who has a Louisiana license. I mean someone who is familiar with the real estate market in YOUR community. Do you live in Metairie or the River Parishes or the North Shore? Call a REALTOR who works that market everyday. If you live on the West Bank of New Orleans, I invite you to call me. A free, accurate market analysis is just one of the services I provide...without all of the fine print.