As the internet and the availability of data about real estate properties has increased it has brought about many automated home value estimators. Probably the most well know one is the "Z" estimate. It uses an algorithm and the data collected from multiple sources to try to provide a reasonable value for a home at the current time. What a lot may not know is that this particular estimation was so erroneous and it did not identify that it could have some error because it was just a computer based calculation and the data could contain mistakes. It was later forced to post the percentage of error that was possible for any particular error and you can see that error listed via a link in the footer of their website. Sometimes this error is as high as 10%. My point to this is that there are many aggregators that can collect data and provide estimations of home values on their websites but if they are not followed up with a detailed analysis by a person with local knowledge they could be giving the home owner a less than true picture.
My real estate business does offer a computer estimation of value and you can see that at the link I just posted, but we do not stop at the computer-estimated value. That gets generated in a few moments based on historical data and past sales but then if you put your phone number into the site and respond with the number of bedrooms and baths and such we can verify the data used was accurate and we will provide that human intervention with local knowledge to get you a more accurate estimate of value for your home. You may want to know this to see if a HELOC (Home Equity Line of Credit) makes sense for you to pay for some college tuition, you may be considering selling your Franklin area home in the next year, or even just looking to refinance. Whatever the situation, we will be there to help you understand the true market value of your Franklin TN Home.
The Grumbles Team is the only Relocation Engineer in Franklin, Tennessee 615-587-5843.
EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555 Each EXIT Office Independently Owned and Operated