There’s a little nifty but powerful new tool on SoldonShawnee.com. What’s my home worth? allows you to enter an address and then instantly see a pretty good estimate of its current value. You’ll get five listings and five recently sold properties along with some simple tools that’ll help get you pretty close. I’ve done some spot checking with our MLS, and I’m even a little surprised!
Now of course, no computer can predict the value of a home more accurately than someone like a real estate professional applying our local, professional expertise. But the models used to calculate values are very complex and sophisticated, using assessor’s records along with MLS listing data to calculate values. To get down to the real-life market situation, it still takes the observations and neighborhood knowledge and reasoning skills of a real human.
But for just for the average Joe toying with the idea of cashing in on some built up equity or considering a move-up, the estimate you’ll see is more accurate than any other Internet service available to you. It’s similar to Zillow and Trulia, but even they don’t have the added benefit of the MLS to factor in listing and sales data. So you won’t see these valuations on any other Web site.
Click here to give it a whirl, and let me know what you think! It’s slightly more productive than Farmville :)