Are you sure you want to determine your listing price from the Internet?

Texas is a non-disclosure state so, the answer should be no. Zillow, Homes.com and Trulia rely on estimates.

Please read the article written by Ward Lowe, consumer columnist for TexasRealEstate.com.

Do you know what your home is worth? If you’re like most homeowners, you have an idea, but you need accurate market data to arrive at a listing price. Otherwise you risk giving away your house or watching it sit on the market for months.

Sites like Zillow, Homes.com, and Trulia provide values for homes, but I caution you against relying on their information.

Why? Because I looked up the value of my house on two of those sites, and the results were $106,000 apart.

Then I checked the sites’ market analysis, figuring I might at least learn if the value of my home was going up or down. One site said my house had increased in value by $45,000 in the past six months; the other said it decreased by $40,000 during the same period.

Another site offered data from the central appraisal district as a value – when was the last time you saw a home listed with a price that matched its tax appraisal?

via Are you sure you want to determine your listing price from the Internet?.

About Sandra

Basketball Mom, Real Estate Addict and Social Media Geek. Contact Sandra at [email protected] or 512-426-5657.
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