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What's My NC Home worth? Are AVMs Correct?

By
Real Estate Agent with Keller Williams Preferred Realty

What's my North Carolina Home Worth?

Who doesn't like to look at Z, Realtor dot com, Homebot, or other AVMs to find out what it says their house is worth? I know I do!

These are very fun tools to use but are they correct? I've found that they're not the best guide when you need an accurate home value. Oftentimes they're too high, sometimes too low and occasionally they're pretty close to accurate.

When it comes to needing accuracy, it's best to reach out to your trusted Real Estate Advisor for accurate on the spot information.

Posted by

Raleigh Cary Apex Realtor Carla Freund Realty

Presented by:

Carla Freund of Ask Realtor Carla

Carla Freund Realty Team

Keller Williams Preferred Realty

By Carla Freund Realty Team

Original Home of "Market In A Minute" Real Estate Report for Raleigh Cary CH & Durham Triangle

Carolina Life Real Estate and Relocation

 

Find Carla Freund Realty Team online:

   Ask Realtor Carla on Facebook    Ask Realtor Carla your Raleigh Cary Realtor on You Tube  Ask Realtor Carla your Raleigh Cary Realtor on Instagram  Ask Realtor Carla your Raleigh Cary Realtor on Twitter  

 

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Contact Carla Freund, Broker, Keller Williams Preferred Realty,  Licensed Realtor® in North Carolina at 919-602-8489 to list your property for sale or to purchase a property in Cary, Raleigh, Morrisville, Apex, Fuquay-Varina, Garner, Holly Springs, Pittsboro, Durham, Chapel Hill, Johnston County, and the surrounding areas.

Now accepting referrals.**Not meant as a solicitation to individuals already working with a Professional Real Estate Agent.**

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. The Raleigh - Cary Home Reviews Blog, Keller Williams and Carla Freund does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Entries on Raleigh - Cary Home Reviews represent the opinions and ideas of the author(s). Raleigh - Cary Home Reviews Blog does not express the views of Keller Williams, or those of the broker.

 

Ask Realtor Carla your Raleigh Cary Apex Realtor

Keller Williams Preferred Realty - Raleigh NC

 

 

Comments(26)

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John Meussner
Catalyst Mortgage - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Love the video, Carla!  Great info on AVMs, and you nailed it - they're great tools, fun to track, and sometimes accurate, but lots of time they can also be pretty far off.

Sep 05, 2023 01:50 PM
Carla Freund

Thanks so much John! I see it with my own house. 

Sep 06, 2023 08:37 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Carla,
Your video prompted me to go see what the major AVM model is showing as the current value of my home. The last time I looked, it was over 3X what I know the actual value to be. Today, when I looked they have it down 45% in the last 30 days. It's all very laughable.

The ONLY way to get an accurate valuation is to talk to a local real estate professional who is working in the market every day and knows what any given home is really worth.

Sep 05, 2023 02:17 PM
Carla Freund

Thank you so much Carol Williams. That's great feedback. I've seen some crazy things with the AVMs and your home is a great example.

Sep 06, 2023 08:36 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I think your video was perfect!

Sep 05, 2023 02:48 PM
Carla Freund

Thank you so much Kat!

Sep 06, 2023 08:35 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Carla Freund great job with your video.  It is not an easy task to do videos - yours is relaxed and natural. I felt like you were sitting in my office talking directly to me. 

Sep 05, 2023 03:57 PM
Carla Freund

Thanks so much Kathleen! I appreciate it!

Sep 06, 2023 08:35 AM
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

Great video, great info, nice speaking voice and personality.

Additional point:

Agents will also have been in your neighborhood, and know your neighborhood unlike an AVM.

Sep 05, 2023 06:07 PM
Carla Freund

Great point Thomas! Thank you!

Sep 06, 2023 08:34 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Great job Carla Freund . I am glad that you posted a notice in the Q & A section or I would have missed it.

Sep 05, 2023 06:48 PM
Carla Freund

Thank you Bob "RealMan" Timm. I appreciate you watching.

Sep 06, 2023 08:22 AM
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Carla, I would not change a thing...perfect video! You picked a good topic that just about any homeowner can relate. Congrats!!

Sep 05, 2023 06:54 PM
Carla Freund

Thank you so much Diana! I appreciate you!

Sep 06, 2023 08:22 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

LOVE it! VERY well done, Carla! You are SO much braver than me! I can speak to clients all day long about this but, doing a video - WOW! I'm super impressed, my friend!

Sep 05, 2023 09:41 PM
Carla Freund

Thank you so much Debe. I appreciate you. I feel like you'd be great at it. I don't love being behind the camera. I too can speak to my clients all day which is exactly what I told myself while filming this. 😉

Sep 06, 2023 08:22 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Excellent first attempt! Sure it is your first? Great explanation. Look forward to future videos.

Sep 06, 2023 03:51 AM
Carla Freund

You're so kind Wayne Martin. Thanks for watching. have a great day!

Sep 06, 2023 08:20 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think that you did a great job with that video and as you get more comfortable you will get better.  Your clients will really benefit from these videos and I am sure you will pick up quite the following!

Sep 06, 2023 04:03 AM
Carla Freund

Thank you so much Brian. I hope to provide value to my clients and community.

Sep 06, 2023 08:20 AM
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

Great job Carla Freund. Well thought out and succinct video. With all of the data at the click of a button, it is great to explain to the general public the value professionals provide and how we can help.

Sep 06, 2023 06:17 AM
Carla Freund

True, people tend to take the AVMs as accurate.

Sep 06, 2023 08:20 AM
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good Morning Carla Freund 

This is a good informational video. And being it is your first attempt at video, you look like a natural.

Sep 06, 2023 07:57 AM
Carla Freund

Thank you so much Doug! I appreciate you watching.

Sep 06, 2023 08:19 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Carla and great job on your video and thanks for sharing it with us here in the Rain.  Keep doing more!

Sep 06, 2023 08:39 AM
Carla Freund

Thank you so much Will. I hope you're having a great week!

Sep 07, 2023 05:43 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Wow - great result for a first try! You have a pleasant speaking voice and your information is easy to understand. 

My 2 cents:

At one point in the video, you say something like "and if you're in my area, I hope you call me." I would change "I hope you" to "you can call me" and maybe have your phone number flash across the screen at that moment (haha - I have no idea how to do that!)

Also, the "WO" of "Worth" is on the white area and hard to see.

I wish I could publish my first video - I know it's more important to get it out than to get it perfect!

Sep 06, 2023 09:10 AM
Carla Freund

Thanks so much Margaret! I appreciate your feedback. Yes, get one out there. That's what everyone told me. Now I can focus on all the amazing feedback. Have a great day!

Sep 07, 2023 05:42 AM
Roy Kelley
Retired - Gaithersburg, MD

Home sellers are in very good hands when they seek your professional real estate advice and assistance.

Sep 06, 2023 09:59 AM
Carla Freund

Thank you Roy! You're so kind.

Sep 07, 2023 05:43 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Carla Freund, You are a natural and sound sincere, knowledgeable, and confident.

Congratulations.

Sep 07, 2023 08:05 PM
Carla Freund

Thank you so much Margaret Rome Baltimore 410-530-2400 and Happy Birthday!

Sep 08, 2023 07:47 AM
TODD PICCONI INLANDEMPIRE & SOUTH ORANGE COUNTY, CA
TODD PICCONI REAL ESTATE - Dana Point, CA
Personal Engagement,Precision, and Professionalism

Good Morning Carla Freund , Enjoyed your video!  Always good to hear and check what it is saying on-line and compare what we think it is worth. See you next video! 

Sep 09, 2023 06:38 AM
Carla Freund

Thanks Todd! Have a great day!

Sep 09, 2023 10:04 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Depending on those national sites for property value accuracy is just looking for trouble, with a capital T, Carla. Great message!

Sep 19, 2023 10:32 AM
Carla Freund

Yes, that's true! Have a great day!

Sep 20, 2023 08:46 AM
Patricia Feager, ABR,CRS,GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Carla Freund - I need to take video lessons and courage from you!

You did a GREAT job explaining AVM's in a polite, confident, natural, nice conversation, without rushing and not too long. I always prefer people who are credible and knows what they are talking about. Carla, I hope your video gets many views and consumers flock to you when they need to buy or sell real estate in your area!

Oct 05, 2023 03:29 AM
Carla Freund

Patricia, you're one of the kindest people! Thank you! ;-)

Oct 05, 2023 11:50 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Just watched your video again, Carla! Again, GREAT job! I realized I hadn't liked it or subscribed so, I did so! 

Happy Tuesday!

Oct 10, 2023 07:10 AM
Carla Freund

Thank you Debe!

Oct 13, 2023 06:57 AM